During its first year of operations, a company granted its employees vacation privileges and pension rights estimated at a cost of $21,500 and $15,000, respectively. The vacations are expected to be taken in the next year, and the pension rights are expected to be paid in the future 5-30 years. What is the total cost of vacation pay and pension rights to be recognized in the first year?
A) $15,000
B) $36,500
C) $6,500
D) $21,500

Question

Quizplus · Accepted Answer

The total cost of vacation pay and pension rights to be recognized in the first year is the sum of the two costs: $21,500 + $15,000 = $36,500. Option B is the correct answer.

During Its First Year of Operations, a Company Granted Its