The modal score is:
A) 16
B) 17
C) 18
D) 20
A
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Which of the following taxes has a ceiling on the amount of annual earnings subject to tax?
A) FICA—OASDI taxes B) sales tax C) federal income tax D) FICA—Medicare taxes
The liability of the accountant can be both civil and criminal.
Answer the following statement true (T) or false (F)
If service are rendered for credit then
a. assets will decrease. b. liabilities will increase. c. owner's equity will increase. d. liabilities will decrease
A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash. The amount that should be reported in the operating activities section reported under the direct method is:
A. $50,000. B. Zero. This is a financing activity. C. Zero. This is an investing activity. D. $45,000. E. $5,000.