Sick pay benefits that are related to an employee's services already rendered, whose payment is probable and the amount reasonably estimated, must be accrued and recognized as a current liability if the obligation relates to rights that
$\begin{array}{ll}
&\underline{\text { Vest }} &\underline{\text { Accumulate }} \
\text {I.}&\text { No } &\text { No }\
\text {II.}&\text { Yes } & \text { No } \
\text {III}&\text { No } & \text { Yes }\
\text {IV}&\text { Yes } & \text { Yes }
\end{array}$

Question

Sick pay benefits that are related to an employee's services already rendered, whose payment is probable and the amount reasonably estimated, must be accrued and recognized as a current liability if the obligation relates to rights that 
$\begin{array}{ll}
&\underline{\text { Vest }} &\underline{\text { Accumulate }}  \
\text {I.}&\text { No } &\text { No }\
\text {II.}&\text { Yes } & \text { No } \
\text {III}&\text { No } & \text { Yes }\
\text {IV}&\text { Yes } & \text { Yes }
\end{array}$

Quizplus · Accepted Answer

The Answer of Sick pay benefits that are related to an employee's services already rendered, whose payment is probable and the amount reasonably estimated, must be accrued and recognized as a current liability if the obligation relates to rights that 
$\begin{array}{ll}
&\underline{\text { Vest }} &\underline{\text { Accumulate }}  \
\text {I.}&\text { No } &\text { No }\
\text {II.}&\text { Yes } & \text { No } \
\text {III}&\text { No } & \text { Yes }\
\text {IV}&\text { Yes } & \text { Yes }
\end{array}$

Sick Pay Benefits That Are Related to an Employee's Services