What is the purpose of the following journal entry? DR Payroll CR FICA Taxes Payable CR Employee Income Tax Payable CR Wages Payable
a. To record payroll for the period.
b. To accrue payroll at the end of the period.
c. To record payroll taxes for the period.
d. To distribute payroll for the period.
a
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The allocation of a joint cost
a. is unique to service organizations. b. is not necessary in not-for-profit organizations. c. is not unique to manufacturing entities. d. cannot be accounted for in a process costing environment.
Managers with good ________ know how to communicate, motivate and lead to get the best out of their people.
A. human skills B. conceptual skills C. technical skills D. empirical skills
Negotiability is wholly a matter of form
Indicate whether the statement is true or false
Your employer gives you a stock bonus of $1,000 in your company at the end of each year. You
plan to retire in 20 years. The stock has a growth rate of 15 percent per annum. What will the value of your stock be in 20 years? This problem would be solved by using the formula for the A) present value of a lump sum. B) future value of a lump sum. C) future value of an ordinary annuity. D) future value of an annuity due. E) present value of an ordinary annuity.