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An article in the New York Times noted that that employment in New York City was increasing but so was the city's unemployment rate. The article referred to "the seemingly contradictory message delivered on Thursday in the latest report from the New York State Department of Labor." Why would the reporter consider this message to be contradictory? How do you explain the contradiction?
M estimated that there were 200 vacation days available at December 31, 2009. M's employees earn an average of $150 per day. In its December 31, 2009, balance sheet, what amount of liability for compensated absences is M required to report?
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