Case 3 Helen Company’s fiscal year ends on June 30th. Its employees (with at least three months of experience) are entitled to 12 paid sick days annually for each calendar year beginning on January 1st. An employee not taking his or her earned sick days would receive payment thereon on December 31st of that year. How should Helen Company record and measure such a liability as of June 30th?

Case 3 Helen Company’s fiscal year ends on June 30th. Its employees (with at least three months of experience) are entitled to 12 paid sick days annually for each calendar year beginning on January 1st. An employee not taking his or her earned sick days would receive payment thereon on December 31st of that year. How should Helen Company record and measure such a liability as of June 30th?
· The Research Memorandum (due in Week 7) must conform to APA format and be at least three to five pages in length, not including references.
· Spend no more than one page describing the situation.
· Paper and presentation must cite authoritative sources.
 
Using the guidelines above, prepare a comprehensive research memorandum on the case that you chose.