Unrealized gains and losses on available-for-sale securities are reported on the income statement

Indicate whether the statement is true or false


F

Business

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Payroll Taxes and Benefits Expense includes all of the following except

A) federal income taxes. B) Social Security taxes. C) Medicare taxes. D) unemployment taxes.

Business

A bailment is a sale of real property

Indicate whether the statement is true or false

Business

Near field communication technology is a wireless technology designed for short distances (up to ____ centimeters), aimed at utilizing cell phones for secure wireless payments.

A. 20 B. 40 C. 60 D. 80

Business

Effective capital budgeting for general capital assets of a government requires:

A. Consideration of how proprietary fund capital projects will be financed. B. Nonfinancial information on physical measures and service condition of capital assets of component units. C. Intermediate and long-range capital improvement plans for general capital assets. D. Information about the capital asset needs of a motor pool accounted for as an internal service fund.

Business