Business, 05.11.2020 19:10 joyelewis58
Reducto Co. pays a weekly payroll of $95,000 that includes federal taxes withheld of $12,000 FICA taxes withheld of $7,250, and retirement withholdings of $6,000. What is the effect on assets and liabilities from this transaction?
A. Assets decrease $71,310 and liabilities decrease $25,690.
B. Assets decrease $97,000 and liabilities decrease $71,310.
C. Assets decrease $71,310 and liabilities increase $25,690.
D. Assets decrease $97,000 and liabilities increase $97,000.
Answers: 3
Another question on Business
Business, 22.06.2019 11:00
What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b.assessment criteria are inexpensive. c.assessment criteria provide you with a list of relevant things to measure. d.assessment criteria provide you with a list of people to contact to learn more about process mentoring.
Answers: 3
Business, 23.06.2019 00:30
In a recent annual report, apple computer reported the following in one of its disclosure notes: "warranty expense: the company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." this note exemplifies apple's use of: (a) conservatism.(b) matching. (c) realization principle. (d) economic entity.
Answers: 2
Business, 23.06.2019 07:00
Choose all that apply. a financially-responsible person has a budget has no plan spends less than they make pays for everything with a credit card saves their money pays bills on time
Answers: 1
Business, 23.06.2019 09:00
In command economy, who makes production decisions? a. workers b. producers c. consumers d. the government
Answers: 1
You know the right answer?
Reducto Co. pays a weekly payroll of $95,000 that includes federal taxes withheld of $12,000 FICA ta...
Questions
Health, 27.07.2019 22:50
Chemistry, 27.07.2019 22:50
History, 27.07.2019 22:50
History, 27.07.2019 22:50
History, 27.07.2019 22:50
Geography, 27.07.2019 22:50
History, 27.07.2019 22:50
Mathematics, 27.07.2019 22:50
