1. True or False The proceeds from discounting a $20,000, 60-day note payable at 12% is $20,400. 2._ Dividend is a distribution of income to shareholders in a corporation 3. _ Dividend is a return of their investments to the shareholders in a corporation 4. Retained earings is increased by expenses incurred by the business. o Unemployment taxes, SUTA and FUTA, are withheld from the employees by the employer. Unearned Revenues is an example of a current, very liquid asset. When a corporation purchases treasury stock, owners' equity decreases. Adjusting entries are made at the end of an accounting period to adjust accounts on both the balance sheet and income statement. Medicare taxes are withheld from an employee's pay only until the employee has earned a specific amount each year. 10 The double declining method is an accelerated method of depletion of natural resources 1. True or False The proceeds from discounting a $20,000, 60-day note payable at 12% is $20,400. 2. Dividend is a distribution of income to shareholders in a corporation Dividend is a return of their investments to the shareholders in a corporation Retained earnings is increased by expenses incurred by the business. Unemployment taxes, SUTA and FUTA, are withheld from the employees by the employer. 6. Unearned Revenues is an example of a current, very liquid asset. When a corporation purchases treasury stock, owners' equity decreases Adjusting entries are made at the end of an accounting period to adjust accounts on both the balance sheet and income statement Medicare taxes are withheld from an employee's pay only until the employee has earned a specific amount each year, 10. The double declining method is an accelerated method of depletion of natural resources Dividend is a distribution of income to shareholders in a corporation Dividend is a return of their investments to the shareholders in a corporation Retained earnings is increased by expenses incurred by the business. Unemployment taxes, SUTA and FUTA, are withheld from the employees by the employer. Unearned Revenues is an example of a current, very liquid asset. When a corporation purchases treasury stock, owners' equity decreases. Adjusting entries are made at the end of an accounting period to adjust accounts on both the balance sheet and income statement. Medicare taxes are withheld from an employee's pay only until the employee has earned a specific amount each year. 10.- The double declining method is an accelerated method of depletion of natural resources 1. True or False The proceeds from discounting a $20,000, 60-day note payable at 12% is $20,400. Dividend is a distribution of income to shareholders in a corporation Dividend is a return of their investments to the shareholders in a corporation Retained earnings is increased by expenses incurred by the business. Unemployment taxes, SUTA and FUTA, are withheld from the employees by the employer. Unearned Revenues is an example of a current, very liquid asset. When a corporation purchases treasury stock, owners' equity decreases. Adjusting entries are made at the end of an accounting period to adjust accounts on both the balance sheet and income statement. Medicare taxes are withheld from an employee's pay only until the employee has earned a specific amount each year The double declining method is an accelerated method of depletion of natural resources
