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 57 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?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Gas exchange occurs at the alveolar capillary membrane. Gas exchange occurs at the alveolar capillary membrane.
Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010 Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010
How to create a table of values displaying commission and earnings (Question 1) How to create a table of values displaying commission and earnings (Question 1)
Soils support plant growth through ion exchange Soils support plant growth through ion exchange
Stock Market Question Stock Market Question
ADHD (Stock photo) ADHD (Stock photo)
Video: Role of transport in a cell

For a complete list of videos, visit our video library