Author Question: The Payroll Tax Expense account is used to record the employer's state unemployment tax, federal ... (Read 72 times)

fbq8i · **on:** Jul 6, 2018

The Payroll Tax Expense account is used to record the employer's state unemployment tax, federal unemployment tax, and federal income tax.
Indicate whether the statement is true or false

Question 2

Which of the following items would be a way to manipulate the cash flow from operating activities amount on the statement of cash flows?

a. Adding depreciation back to net income to determinecash flow from operating activities.
b. Including interest expense and tax expense in the calculation of cash flow from operating activities.
c. Recording an item that should be recorded as an operating activity as an investing activity.
d. The cash flow statement cannot be manipulated.