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Gordon, Inc. is engaged in the process of restructuring its business. As a part of the restructuring, Gordon is going to pay onetime termination benefits to involuntarily terminated employees. Which of the following is true about the accounting for this cost? A. The cost should be recorded as a prior period adjustment. B. The cost should be recorded when the employees are paid. C. The cost should be amortized over the expected average life of the remaining employees. D. A liability for the cost should be recorded when the liability has been incurred. |