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AC 501 Unit 6 Homework Assignment
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E16-1: (Compensated Absences) Zero Mostel Company began operations on
January 2, 2008. It employs 9 individuals who work 8-hour days and are paid hourly.
Each employee earns 10 paid vacation days and 6 paid sick days annually. Vacation
days may be taken after January 15 of the year following the year in which they are
earned. Sick days may be taken as soon as they are earned; unused sick days
accumulate. Additional information is as follows.
E16-12: (Basic Pension Worksheet) The following defined-benefit pension data of
Doreen Corp. apply to the year 2008.
Projected benefits obligation, January 1, 2008 (before amendment)
$ 560,000