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  3. on january 1 2016 yukon company agreed to grant its...

Question: on january 1 2016 yukon company agreed to grant its...

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On January 1, 2016, Yukon Company agreed to grant its employees two weeks vacation each year, with the provision that vacations earned in a particular year could be taken the following year. For the year ended December 31, 2016, all twelve of Yukon's employees earned $1,200 per week each. Eight of these vacation weeks were not taken during 2016. In Yukon's 2016 income statement, how much expense should be reported for compensated absences?

Multiple Choice

  • $0

  • $9,600

  • $14,400

  • $28,800

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