All of the following are true about the executor of a will, except
A) the executor is selected by the creator of the will.
B) the executor may be paid for his or her services by the estate.
C) the executor is generally paid 5% of the value of the estate for his or her services.
D) the executor may elect not to be paid for his or her services.
Answer: C
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A company sells merchandise on a deferred payment plan, ultimately receiving $6,000 on the account receivable. On the payment date, the company would
A) credit Accounts Receivable for less than $6,000. B) debit Interest Income for the imputed amount. C) credit Sales for less than $6,000. D) debit the asset account for $6,000.
In relation to the parts of the human resources management process, job analysis would fall under ______.
a. human resources planning b. attracting employees c. developing employees d. retaining employees
From an object-oriented viewpoint, variables ________
A) are attributes of objects B) belong to the messages that the objects exchange with each other C) belong to the messages that the objects exchange with the outside world D) any of the above
Trinidad Schwab is an employee at Kyletown Fire Department. He received the following benefits from his employer during 2017:
• On-site housing, $250 per month • Employer-provided cell phone, $50 per month • Meals, $100 per month What amount of these benefits are taxable for 2017? What will be an ideal response?