The liability of corporate stockholders is limited to their percentage share of ownership
Indicate whether the statement is true or false
False
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Based on the above data, what is the amount of working capital?
a. $213,000 b. $113,000 c. $153,000 d. $39,000
Which statement is correct?
a. in a normalized database, data about vendors occur in several locations b. the accountant is responsible for database normalization c. in a normalized database, deletion of a key record could result in the destruction of the audit trail d. connections between M:M tables are provided by a link table
How would the declaration of a 20 percent stock dividend by Astros Corporation affect each of the following on Astros' balance sheet? Retained Total Stock- Earnings holders' Equity
a. Decrease Decrease b. Decrease No effect c. No effect Decrease d. No effect No effect
Match each of the following terms a through j with the appropriate definitions 1-10.a. FUTA taxesb. Contingent liabilityc. Merit ratingd. Long-term liabilitye. Estimated liabilityf. Net payg. Wage bracket withholding tableh. Warrantyi. Withholding allowancej. FICA taxes_____ 1. A measure provided by a state to employers that reflects a company's stability in employing workers._____ 2. Taxes that fund Social Security and Medicare, assessed on both employer and employees under the Federal Insurance Contributions Act._____ 3. Known obligations of an uncertain amount that can be reasonably estimated._____ 4. Obligations of a company requiring payment after one year or operating cycle if longer._____ 5. Gross pay less all tax and voluntary deductions._____ 6. A
table of amounts of income tax to be withheld from employees' wages._____ 7. A potential obligation that depends on a future event arising from a past transaction._____ 8. A seller's obligation to replace or fix a product or service that fails to perform as expected within a specified period._____ 9. A number indicated on an employee's Form W-4 that is used to reduce the amount of federal income tax withheld from an employee's pay._____10. Payroll taxes on employers assessed by the federal government to support the federal unemployment insurance program. What will be an ideal response?