Vacation pay is an example a liability that exists but the exact amount is not known.

Name: Vacation pay is an example a liability that exists but the exact amount is not known.
Brand: Quizplus
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Vacation pay is an example of a liability that exists because the employer has an obligation to pay it to the employees, but the exact amount is not known as it may vary based on factors such as the number of vacation days earned by each employee and their rate of pay.

Vacation Pay Is an Example a Liability That Exists but the Exact