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What amount should baker report for compensated absence

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Question - On January 1, 20x6, Baker Co. decided to grant its employees 10 vacation days and five sick days each year. Vacation days earned can be carried over to the next year but not sick days. Each employee took an average of three sick days in 20x6. During 20x6, each of Baker's six employees earned 100 per day and earned 10 vacation days. These vacation days were taken during 20x7. What amount should baker report for compensated absence for the year ended December 31, 20x6?

Reference no: EM132772932

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