Shareholders are absolutely immune from corporate liabilities
Indicate whether the statement is true or false
False
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Employees earn $5,000 per day, work five days per week, Monday through Friday, and get paid every Friday. If the previous payday was January 26 and the accounting period ends on January 31, what amount is the ending balance in the wages payable account?
a. $ 9,000 b. $10,000 c. $15,000 d. $25,000
Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $6500 of cash sales that are subject to an 9% sales tax, what is the journal entry to record the cash sales?
A. Debit Accounts Receivable $7085; credit Sales $6500; credit Sales Taxes Payable $585. B. Debit Cash $6500; credit Sales $5915; credit Sales Taxes Payable $585. C. Debit Cash $6500; credit Sales $6500; and record the taxes when paid. D. Debit Cash $7085; credit Sales $6500; credit Sales Taxes Payable $585. E. Debit Sales Taxes Payable $585; debit Cash $5915; credit Sales $6500.
The Occupational Safety and Health Administration (OSHA) can adjust penalties upward and downward.
Answer the following statement true (T) or false (F)
The maquiladoras along the U.S. and Mexican border are regulated under NAFTA
Indicate whether the statement is true or false