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

Author Question: Government laws and regulations regarding payroll are much more complex for employees than for ... (Read 66 times)

oliviahorn72

  • Hero Member
  • *****
  • Posts: 579
on: Jul 5, 2018
Government laws and regulations regarding payroll are much more complex for employees than for independent contractors.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Rent-a-Wreck, Inc. paid 36,000 cash for a one-year insurance policy on July 1, 2011. What adjustment should the company make before preparing its annual financial statements on December 31, 2011?
 
  A) Decrease Cash and increase Prepaid insurance by 18,000.
  B) Decrease Prepaid insurance and recognize Insurance expense of 18,000.
  C) Decrease Prepaid insurance and recognize Insurance expense of 36,000.
  D) Decrease Cash and recognize Insurance expense of 18,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

babybsemail

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

B


oliviahorn72

  • Member
  • Posts: 579
Reply 2 on: Jul 5, 2018
:D TYSM

sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Kepler’s First and Second Laws Kepler’s First and Second Laws
Creating Complex Molecules Creating Complex Molecules
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
Example of an employee setup screen in a computerized payroll program. Example of an employee setup screen in a computerized payroll program.
How to use the laws of exponents to simplify an expression (Part 1) How to use the laws of exponents to simplify an expression (Part 1)
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library