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Author Question: FICA taxes include amounts for both Social Security but not Medicare programs. a. True b. False ... (Read 53 times)

MGLQZ

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on: Jul 5, 2018
FICA taxes include amounts for both Social Security but not Medicare programs.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Which of the following statements is FALSE?
 
  A) The allowance method is a GAAP method.
  B) The direct write-off method violates the matching principle.
  C) Under the direct write-off method, accounts are expensed when they are identified as uncollectible.
  D) Under the allowance method, amounts written off are recorded as bad debts expense.


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frre432

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Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

D


MGLQZ

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Reply 2 on: Jul 5, 2018
:D TYSM

mohan

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Reply 3 on: Yesterday
Excellent

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