A person can work for another and be both an agent and employee
Indicate whether the statement is true or false
T
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Notes receivable are classified as current liabilities regardless of the time to maturity.
Answer the following statement true (T) or false (F)
An employee is dismissed without cause. He makes a settlement with his employer for six months' salary. During the following six months, he is unemployed and collects employment insurance
What should the employer have done at the time of settlement with respect to employee deductions? A) Nothing – the employee is responsible for making remittances to the government. B) Deducted an amount for employment insurance premiums and sent it to the Canada Employment Insurance Commission. C) Deducted an amount for income tax and sent it to Canada Customs and Revenue D) Deducted the amount of employment insurance payments which would be paid to the employee E) Both B and C
The right of survivorship is a feature of a tenancy in common
Indicate whether the statement is true or false
Improvements in property are subtracted from the selling price of the property in determining the capital gains on sale of property
Indicate whether the statement is true or false