Eg works for freedom airlines in the accounts payable, Accounting Basics

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Eg works for freedom airlines in the accounts payable

Problem

Meg works for Freedom Airlines in the accounts payable department. Meg and all other employees receive free flight benefits (for the employee, family, and 10 free buddy passes for friends per year) as part of their employee benefits package. If Meg uses 30 flights with a value of $16,350 this year, how much must she include in her compensation this year?

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Accounting Basics: Eg works for freedom airlines in the accounts payable

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