In accounting for compensated absences, the difference between vested rights and accumulated rights is that: vested rights are a legal and binding obligation on the company, whereas accumulated rights expire at the end of the accounting period in which they arose. vested rights are normally for a longer period of employment than are accumulated rights. vested rights are not contingent upon an employee's future service. vested rights carry a stipulated dollar amount that is owed to the employee; accumulated rights do not represent monetary compensation.

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Business

Brennen Oliver

3 February, 03:55

In accounting for compensated absences, the difference between vested rights and accumulated rights is that: vested rights are a legal and binding obligation on the company, whereas accumulated rights expire at the end of the accounting period in which they arose. vested rights are normally for a longer period of employment than are accumulated rights. vested rights are not contingent upon an employee's future service. vested rights carry a stipulated dollar amount that is owed to the employee; accumulated rights do not represent monetary compensation.

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Emery Oconnor · Answer 1

Vested rights are not contingent upon an employee's future service.

Vested rights are fully and unconditionally owned by the employee regardless of their future service (such as whether or not they continue working for the company).