Of a company's employees, 50 percent typically qualify to receive two weeks' paid vacation a year (50 weeks). The entry to record the estimated liability for vacation pay for a week in which the total payroll is $8,800 would be
A) Estimated Liability for Vacation Pay 352Cash 352
B) Vacation Pay Expense 704 Cash 704
C) Vacation Pay Expense 176 Estimated Liability for Vacation Pay 176
D) Cash 88 Estimated Liability for Vacation Pay 88
C
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Which of the following is true of the liabilities of LLCs (limited liability companies)?
A) Members of LLCs are liable to the extent of their capital contribution. B) Managers of LLCs are personally liable for the debts, obligations, and liabilities of the LLCs. C) LLCs are not liable for any loss or injury caused by their employees. D) LLCs are not liable for losses caused due to negligence of their managers during the ordinary course of business.
European Union antitrust law does not apply to entities based outside of the European Union territory
Indicate whether the statement is true or false
With regards to the obligations of a limited partnership, whether arising in contract, tort, or otherwise, if the limited partnership has more than one general partner, the general partners can be personally liable ________.
A. only for those obligations for which they were personally involved B. only for obligations arising in contract, but not those arising in tort or otherwise C. only to the extent of their capital contribution D. jointly and severally, for all obligations of the limited partnership whether arising in contract, tort, or otherwise
A correlation matrix must always have 1's along its diagonal (because a variable is always perfectly correlated with itself) and the correlations between variables elsewhere
a. True b. False Indicate whether the statement is true or false