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How should the company record and measure this liability

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Reference no: EM132018714

Question - A company's fiscal year ends June 30th. All employees with three months of experience are entitled to 10 paid sick days each calendar year (starting January 1). Employees not taking their earned sick days receive payment on December 31 of the same year. How should the company record and measure this liability as of June 30th? Use FASB Codification to cite your answer.

Reference no: EM132018714

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