
Other significant liabilities
Other significant liabilities are liabilities other than current and long-term liabilities. These liabilities have a significant impact on the future
Fringe benefits
Fringe benefits are an additional benefit received by an employee other than his/her wages. Life insurance coverage, health insurance, company car, pension plan benefits, paid absences-vacation pay; paid holidays and sick pay are the examples of fringe benefits.
To Describe: The paid absences and how to account this.

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Chapter K Solutions
Financial Accounting, 10e WileyPLUS Registration Card + Loose-leaf Print Companion
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