Taxes deducted from an employee's earnings to finance social security and Medicare benefits are called FICAtaxes
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following would not appear on an income statement?
a. Sales revenue b. Cost of goods sold c. Accounts receivable d. Insurance expense
Answer the following statements true (T) or false (F)
1.When Carly tries to show Marti that she is genuinely concerned about her well-being, she is engaging in sympathy. 2.We tend to pay extra attention to what we see or hear first (known as the recency effect). 3.We tend to pay extra attention to what we see or hear last (the recency effect). 4.Perception checking involves observing the behavior of another, describing and interpreting what his or her behavior means to you, and putting your interpretation into words in an effort to determine if your perception is correct. 5.By taking stock of yourself, including your emotional state and biases, you are able to avoid taking responsibility for what you bring to the perception process.
Buying stocks gives an investor
A. a very low but safe return. B. ownership in corporations. C. the riskiest asset available in the market. D. a pure and random speculative gamble.
Valuing inventory at the lower of cost or market is an application of the:
a. time period assumption. b. realization principle. c. going concern principle. d. conservatism principle. e. None of the answers are correct.