BUSINESS HIGH SCHOOL

At the beginning of the current year, Paxx County’s enterprise fund had a $125,000 balance for accrued compensated absences. At the end of the year, the balance was $150,000. During the year, Paxx paid $400,000 for compensated absences. What amount of compensated absences expense should Paxx County’s enterprise fund report for the year?a.$425,000
b.$550,000
c.$375,000
d.$400,000

Answers

Answer 1
Answer:

Answer:

a. $425,000

Explanation:

Calculation of compensated absences expense for the year

Closing balance of compensated absences        = $150,000

+ Payments made for compensated expenses   =   $400,000

- Opening balance of compensated absences    = - $125,000

Compensated absences expense for the year =     $425,000

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Answer:

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Answers

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Answers

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Explanation:

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Answers

Answer:

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Explanation:

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Answers

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Explanation:

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