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Ivanhoe Inc. has an annual unlimited vacation policy for its employees and the eligibility requirement...

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Accounting

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Ivanhoe Inc. has an annual unlimited vacation policy for its employees and the eligibility requirement is to be an employee of the company. Ivanhoe has 40 employees with average annual salaries of $43200. Ivanhoe expects its employees to take vacation evenly during the year. In the previous year, its employees took on average 4 weeks of vacation. How much vacation liability should be on the balance sheet at June 30,2025 ? $0 $72000 $288000 $144000 Crane Bakery began selling gift cards in 2025. Based on industry norms, they expect that 30% of the gift cards will not be redeemed. In 2025 , the bakery sold gift cards with a value of $2000. During that period, gift cards with a value of $500 were redeemed. The amount of revenue that Crane will recognize in 2025 with regard to the gift cards is h $500 $714 $2000 $650

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