If x ? = 10 and ?= 12, then 2 is the…
a. variance
b. standard deviation
c. standard error
d. sampling error
d. sampling error
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After the accounts are closed and the journal entries have been posted, which of the following accounts would not have a balance?
a. Capital; b. Accumulated Depreciation; c. Accounts Payable; d. Drawing; e. Supplies.
Indicate whether each of the following statements regarding the effective interest method is true or false. ________ a) The effective interest method matches interest expense with the declining carrying value of the bond.________ b) Interest expense on a bond issued at a discount will be lower in the bond's first year than if the company had used straight-line amortization.________ c) The carrying value of a bond issued at a premium will decrease by smaller and smaller amounts each year.________ d) Interest expense is calculated by multiplying the beginning carrying value of the bond by the stated rate of interest.________ e) Effective interest amortization can only be used on bonds that pay interest annually.
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. David, an employee of Cecil, Inc., has gross salary for March of $5,900. The entire amount is under the OASDI limit of $118,500, and thus subject to FICA. He is also subject to federal income tax at a rate of 30%. His year-to-date pay has already exceeded the $7,000 cap for FUTA and SUTA. The journal entry to record the employer's payroll tax expense includes a credit to FICA-OASDI Taxes Payable for $365.80. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) 2. Joel, an employee of Cruise Travel, Inc., has gross salary for March of $5,200. The entire amount is under the OASDI limit of $118,500, and thus subject to FICA. He is also subject to federal income tax at a rate of 29%. His year-to-date pay has already exceeded the $7,000 cap for FUTA and SUTA. The journal entry to record employer's payroll tax expense includes a credit to FICA-Medicare Taxes Payable for $150.80. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) 3. The journal entry to record the employer's payroll tax expense will include a debit to Employee Income Taxes Payable. 4. Maywood Company withholds $720 from Steve's paycheck for federal income tax. This amount is part of the company's payroll tax expense.
Reorganization under Chapter 11 of the United States Bankruptcy Code must be involuntary
Indicate whether the statement is true or false