This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In exchange for stock, corporations may receive ________. A) earnings B) cash or other assets ... (Read 106 times)

jparksx

  • Hero Member
  • *****
  • Posts: 570
on: Jul 5, 2018
In exchange for stock, corporations may receive ________.
 
  A) earnings
  B) cash or other assets
  C) income
  D) treasury stock

Question 2

To journalize the payment of Medicare taxes to the IRS, the correct entry would be
 a. debit Medicare Tax Payable and credit IRS.
   b. debit Medicare Tax Payable and credit Social Security Payable.
   c. debit Medicare Tax Payable and credit Cash.
   d. debit Medicare Tax Payable and credit Payroll Taxes Expense.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

emsimon14

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

c


jparksx

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jul 5, 2018
Correct answers!


emsimon14

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Countercurrent heat exchange in dolphin flippers promotes conservation of body heat. Countercurrent heat exchange in dolphin flippers promotes conservation of body heat.
Countercurrent heat exchange in the lateral muscles of bluefin tuna. Countercurrent heat exchange in the lateral muscles of bluefin tuna.
Bacteria exchange DNA by several processes Bacteria exchange DNA by several processes
Lenticels Allow Gas Exchange through the Periderm Lenticels Allow Gas Exchange through the Periderm
A medical assistant holds a specimen container to receive a biopsy sample. A medical assistant holds a specimen container to receive a biopsy sample.
Chloride and bicarbonate exchange in the renal tubules and effect of aldosterone on excretion of H+ Chloride and bicarbonate exchange in the renal tubules and effect of aldosterone on excretion of H+
Video: Hormonal feedback loop components

For a complete list of videos, visit our video library