Starlight Associates, Inc recorded salary expense of $100,000 in 2016 . However, additional salaries of $5,000 had been earned, but not paid or recorded at December 31, 2016 . After the adjustments are recorded and posted at December 31, 2016, the balances in the Salaries Expense and Salaries Payable accounts will be: Salaries Expense Salaries Payable
a.
$105,000 $5,000
b.
$100,000 $ 0
c.
$100,000 $5,000
d.
$105,000 $ 0
a
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A merchandiser returned inventory worth $1,900 that was purchased on account. In a periodic inventory system, the journal entry to record the return would include ________.
A) a debit to Purchase Returns and Allowances for $1,900 and a credit to Accounts Payable for $1,900 B) a debit to Accounts Payable for $1,900 and a $1,900 credit to Purchase Returns and Allowances C) a debit to Purchases for $1,900 and a credit to Accounts Payable for $1,900 D) a debit to Accounts Payable for $1,900 and a credit to Purchases for $1,900
To ensure continuing focus in a few key components of SQI, FedEx established six Quality Action Teams
Indicate whether the statement is true or false
If one corporation owns all of the shares of another corporation, it is referred to as the target corporation.
Answer the following statement true (T) or false (F)
Under the WARN Act:
a. large employers are prohibited from closing plants or laying employees off for the purpose of defeating unionization b. large employers must give their employees three months (90 days) advance notice of plant closings and mass layoffs c. large employers must provide outplacement services to employees affected by plant closings and mass layoffs d. all of the above e. none of the above