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Business, 01.02.2020 14:44 syrai1254

In accounting for compensated absences, the difference between vested rights and accumulated rights is that: vested rights are a legal and binding obligation on the company, whereas accumulated rights expire at the end of the accounting period in which they arose. vested rights are normally for a longer period of employment than are accumu­lated rights. vested rights are not contingent upon an employee's future service. vested rights carry a stipulated dollar amount that is owed to the employee; accumulated rights do not represent monetary compensation.

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