Discuss the recording period of vacation expense.

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To match revenues and expenses properly, should the expense for employee vacation pay be recorded in the period during which the vacation privilege isearned or during the period in which the vacation is taken? Discuss.

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Chapter 11, Problem 7DQ

To determine

Discuss the recording period of vacation expense.

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To match revenues and expenses properly, should the expense for employee vacation pay be recorded in the period during which the vacation privilege isearned or during the period in which the vacation is taken? Discuss.

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