ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 310

53. A liability for compensated absences such as vacations,
for which it is expected that employees will be paid, should

a. be accrued during the period when the compensated time is
expected to be used by employees.

b. be accrued during the period following vesting.

c. be accrued during the period when earned.

d. not be accrued unless a written contractual obligation exists.