A company's weekly payroll amounts to $50,000 and payday for the week is every Friday. Employees work five days per week, Monday through Friday. The appropriate journal entry was recorded at the end of the accounting period, Monday, March 31, 2016 . What amount is wages expense for April for the payday, Friday, April, 4, 2016?
a. $ -0-
b. $40,000
c. $10,000
d. $50,000
b
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When bonds are converted to stock, any excess carrying value of the bonds over the par value of the stock is to be recorded as Additional Paid-in Capital
Indicate whether the statement is true or false
Machine Operations, Inc. (MO), employs four hundred workers at three locations in three states. Workers who lose their jobs with MO have a right to continued health-care coverage under MO's group plan unless they
A. are fired for gross misconduct. B. are laid off for budgetary reasons. C. have their hours decreased from full-time to part-time. D. quit their jobs voluntarily.
It has been claimed that no more than 3% of the units coming off an assembly line are defective. Will this test be a one-tail - left, a one tail - right, or a two-tail? Explain your answer