By the end of the year the board members and lawyer had met


Question - AA business's lawyer charge $30 per your to meet with the board of directors. The business pays for the expense on the fifth of every month. By the end of the year, the board members and lawyer had met 51 hours since the last pay period. How much should the business record as an accrued legal expense at year end?

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Accounting Basics: By the end of the year the board members and lawyer had met
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