The accounting for a nonprofit institution does not include a single entity concept or efficiency

Indicate whether the statement is true or false


T

Business

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Turnover intentions are described as ______.

A. why employees think about leaving an organization B. why employees leave an organization C. why employees come to an organization D. why employees take sick days with no good reasons

Business

Lexa, a single taxpayer, worked as an employee during the first half of the year, earning $65,000 of salary. Lexa's employer withheld $4,030 of Social Security tax, $943 of Medicare tax, and $0 of additional Medicare tax. In the second half of the year, she was self-employed and she reported $180,000 of self-employment income on her Schedule C. What amount of self-employment taxes and additional Medicare tax is Lexa required to pay on herĀ self-employment incomeĀ (each component rounded to the nearest dollar)?

What will be an ideal response?

Business

Sea Locate, Inc., makes and sells marine navigation equipment, through independent salespersons, to retailers for resale to consumers. The Magnuson-Moss Warranty Act covers

A. implied warranties, oral statements, and written promises. B. only implied warranties that consumers are aware of. C. only a salesperson's oral statements. D. only a seller's written promises.

Business

Cash flows from operating activities under the __ method adjusts accrual-based income statement items to a cash basis.

Fill in the blank(s) with the appropriate word(s).

Business