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{"ops":[{"insert":"\nSala joined the company 7 years ago.\n\uf0b7 She is entitled to 13 weeks of long service leave after completing 10 years of service with the company.\n\uf0b7 Her current salary is $50,000. Salaries are expected to grow by 2% for the next 5 years.\n\uf0b7 Sala is 80% certain that she will not leave the company in the next 5 years.\n\uf0b7 High quality bonds with a 5 year term have an interest rate of 6% and high quality bonds with a 3 year term have an interest rate of 4%\nRequired:\na) Calculate the company\u2019s long service leave liability relating to Sala.\nb) Prepare all journal entries relating to long service leave, assuming there is already a balance of $4,000 in the account.\nUse an excel sheet to post your answer.\n\n"}]}
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