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When to measure or when to record liabilities

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Reference no: EM132494277

Background

Our chain of restaurants is unfortunately closing one of its locations. The employees are being laid off and they will receive a severance package at the end of January, when we close. Management will also receive a severance package if they keep working until the restaurant closes.

Question 1: Issue: "When to measure or when to record liabilities"

Reference no: EM132494277

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