The use of a separate payroll bank account is not an advantageous control, because it creates more complexity inreconciliation functions for a company and invites theft

a. True
b. False

Indicate whether the statement is true or false


False

Business

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The account that is credited for the Social Security tax withheld from the employee's earnings is

a. Social Security Tax Expense; b. Payroll Excise Payable; c. Payroll Taxes Expense; d. Social Security Tax Payable; e. Federal Tax Expense

Business

A voluntary petition in bankruptcy may be filed by an individual, a partnership, or a corporation.

Answer the following statement true (T) or false (F)

Business

Combine these two simple sentences into one simple sentence with a compound verb

A) Jenny went to the grocery store; she bought chicken and potatoes. B) Jenny went to the grocery store and bought chicken and potatoes. C) Jenny went to the grocery store, and she bought chicken and potatoes.

Business

Electronic meetings are preferred to face-to-face meetings when group efforts are just beginning and members are trying to build group values

Indicate whether the statement is true or false

Business