The following totals for the month of April were taken from the payroll register of Magnum Company. Salaries $10,000 FICA taxes withheld 850 Income taxes withheld 2,000 Medical insurance deductions 450 Unemployment Taxes 420 The entry to record accrual of employer's payroll taxes would include a
A) debit to Payroll Tax Expense for $1,270.
B) credit to FICA Taxes Payable for $1,700.
C) credit to Payroll Tax Expense for $420.
D) debit to Payroll Tax Expense for $2,120.
A
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ABC Corporation began operations on January 1st of this year with a cash balance of $250,000. ABC
had sales of $200,000 for the month of January, all on credit. ABC allows its customers 30 days to pay. ABC's expenses for January equal $150,000, and ABC's ending balance in accounts payable at January 31st is $50,000. In its cash budget for January, ABC's ending cash balance should be equal to A) $200,000. B) $150,000. C) $300,000 because of GAAP accrual accounting rules. D) $100,000.
The categorization and coding of data is part of the theory development process in qualitative data analysis.
Answer the following statement true (T) or false (F)
You and your brother have decided to invest in the stock market together. You will put in $5,000 each and open a single account at a brokerage
How should the ownership of this account be established if both of you wish the other to keep all the money in the event that the other should die? A) Tenancy by the entirety B) Joint tenancy with the right of survivorship C) Tenancy in common D) Community property
Data can be categorized as cross-sectional or time series
a. True b. False Indicate whether the statement is true or false