Spontaneous liabilities such as accounts payable and accruals represent a use of financing that arise from the normal course of business
Indicate whether the statement is true or false
FALSE
You might also like to view...
Preston Sales, Inc. has gross salaries and wages for March of $45,000. Provide the journal entry to record salaries and wages expense and payroll withholdings. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) Salaries and wages to date are under the OASDI limit. Assume no federal or state income taxes are due. Salaries and wages will be paid at a later date. Omit explanation.
What will be an ideal response?
Providing as much input to the process as possible from as many concerned people as possible as early as possible is known as ______________
a. collaboration b. crowd sourcing c. congruent writing d. frontloading
As the workforce has become more diverse, more employers are now willing to provide benefits to employees who establish a
A. dual taxing relationship. B. joint employment status. C. codependent relationship. D. domestic partnership.
Choi Corporation is conducting a time-driven activity-based costing study in its Order Fulfillment Department. The company has provided the following data to aid in that study:Activity Data:Processing OrdersPreparing DeliveriesHandling Returns ReviewsMinutes per unit of the activity143032?Cost Object Data:Customer PCustomer QCustomer RNumber of orders processed32243Number of deliveries prepared1499Number of returns handled001?The cost per minute of the resource supplied is $0.40.?On the Customer Cost Analysis report in time-driven activity-based costing, the Preparing Deliveries cost assigned to Customer P would be closest to:
A. $168.00 B. $128.00 C. $102.67 D. $12.00