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Provides medical care and insurance benefits to its retirees

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Question: Riverrun Company provides medical care and insurance benefits to its retirees. In the current year, Riverrun agrees to pay $13,500 for medical insurance and contribute an additional $9,200 to a retirement program. Record the entry for these accrued (but unpaid) benefits on December 31.

 

 

Reference no: EM133553831

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