A person who represents himself to third persons as being a partner when in fact he is not, may have the liability of a partner
a. True
b. False
Indicate whether the statement is true or false
True
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Recently many older workers who had planned to retire soon decided to keep working longer. This is an example of a(n) ______ force for change.
A. social or political B. arbitrary C. demographic D. financial E. structural
Objectivity means that financial information is supported by independent, unbiased evidence; it demands more than a person's opinion.
Answer the following statement true (T) or false (F)
Main Street Restaurant incurred salaries expense of $60,000 for 2016
The payroll expense includes employer FICA tax, in addition to state unemployment tax and federal unemployment tax. Of the total salaries, $17,000 is subject to unemployment tax. Also, the company provides the following benefits for employees: health insurance (cost to the company, $2,500 ), life insurance (cost to the company, $700 ), and retirement benefits (cost to the company, 10% of salaries expense). Journalize Main Street's expenses for employee benefits and for payroll taxes. Explanations are not required. What will be an ideal response
Ferris is refinishing his kitchen floor and needs a floor sander to complete the job. Ferris's neighbor Gerda suggests that he call Home Repair Rentals, Inc Home Repair leases Ferris a floor sander. In this transaction, the lessor is
a. Ferris. b. Gerda. c. Home Repair. d. none of the parties.