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Question - Employees of Robert and Jesse Company are entitled to two weeks of paid vacation leave. In 2018, the employees earned 100 weeks of vacation leave and used 70 weeks. On the average, the employees are paid P 2,000 per week and the salary is expected to increase by P 200 per week next year.
1. If the benefits were accumulating and vesting, what the vacation pay expense and liability shall be?
2. If the benefits were NON accumulating and NON vesting, what the vacation pay expense and liability shall be?
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