Help me please asap...Please don't use any AI.It's strictly prohibited. Cullumber Inc. has an annual unlimited vacation policyfor its employees and the eligibility requirement is to bean employee of the company. Cullumber has 40employees with average annual salaries of $42400.Cullumber expects its employees to take vacationevenly during the year. In the previous year, itsemployees took on average 4 weeks of vacation. Howmuch vacation liability should be on the balance sheetat June 30, 2025? Select answer from the optionsbelow $70667 $282667 $0 $141333

Vacation liability refers to the projected responsibility that a company incurs for the vacation…

Answered: much vacation liability should be on…

Business

Accounting

much vacation liability should be on the balance sheet at June 30, 2025? Select answer from the options

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Help me please asap...

Please don't use any AI.

It's strictly prohibited.

Cullumber Inc. has an annual unlimited vacation policy
for its employees and the eligibility requirement is to be
an employee of the company. Cullumber has 40
employees with average annual salaries of $42400.
Cullumber expects its employees to take vacation
evenly during the year. In the previous year, its
employees took on average 4 weeks of vacation. How
much vacation liability should be on the balance sheet
at June 30, 2025? Select answer from the options
below $70667 $282667 $0 $141333

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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