The amount of federal income taxes withheld from an employee's gross pay is recorded as a(n)
a. payroll expense
b. contra account
c. asset
d. liability
d
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A company borrowed $80,000 from a bank by signing a long-term note payable. The journal the transaction would be recorded in is the:
A. Cash payments journal. B. Purchases journal. C. General journal. D. Sales journal. E. Cash receipts journal.
The grapevine is active at every level of the organization, moving information from one manager or employee to the next
Indicate whether the statement is true or false
Comparing two companies using ________ may point out differences in management styles
A) common-size financial statements B) sales growth C) historical share prices D) earnings per share
Sustaining corporate entrepreneurship requires
a. keeping up with market trends. b. maximizing profits. c. keeping the corporate vision strong. d. granting equal pay raises.