If a state collects unemployment taxes, then federal unemployment taxes are offset by up to:
A) 50%
B) 70%
C) 90%
D) 100%
C
You might also like to view...
Whereas ________ proposals are used to request decisions from managers within an organization, ________ proposals are directed to parties outside the organization
A) formal; informal B) internal; external C) solicited; unsolicited D) external; internal E) direct; indirect
What must an auditor do in an audit?
a. Consider how the economic activity is portrayed in the financial statements. b. Force management to make operational decisions that will improve the company's financial performance. c. Disregard independence in order to find the underlying truth of the evidence. d. Establish new criteria by which financial statements may be compared.
On September 12, Ryan Company sold merchandise in the amount of $5,800 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Ryan uses the periodic inventory system and the net method of accounting for sales. The journal entry or entries that Ryan will make on September 12 is (are):
A.
| Sales | 5,800 | |
| Accounts receivable | 5,800 |
B.
| Accounts receivable | 5,684 | |
| Sales | 5,684 | |
| Cost of goods sold | 4,000 | |
| Merchandise Inventory | 4,000 |
C.
| Accounts receivable | 5,684 | |
| Sales | 5,684 |
D.
| Accounts receivable | 5,800 | |
| Sales | 5,800 | |
| Cost of Goods Sold | 4,000 | |
| Merchandise inventory | 4,000 |
E.
| Accounts receivable | 5,800 | |
| Sales | 5,800 |
A restrictive indorsement can also be a bearer instrument
Indicate whether the statement is true or false