11. A company withholds $15,000 from its employees for social security and its employer contribution is also $15,000. The company must recognize:

EXPENSES DEBT

A. $30,000 $15,000

b. $30,000 $30,000

c. $15,000 $15,000

d. $15,000 $30,000

12. A company will recognize expenses for vacations of its employees:

a. In the period in which employees earn the right to vacation

b. In the period in which the employees enjoy vacations

c. Only if the accumulated vacations are going to be paid in cash

d. Only when employees leave or are fired

13. Employees of a company are entitled (each) to 15 days of sick leave annually. The company is required to recognize the expense for this leave in each period that the employees earn this right. t

a. TRUE

b. FALSE

14. At the closing date of the fiscal year, a company has a debt that matures in the short term. However, the company intends to refinance it in the long term. The company will present this debt:

a. Like a current debt because it matures in the short term

b. As a long-term debt because you intend to refinance it

c. As a long-term debt if, in addition to the intention, you have already refinanced it or have a contract to refinance it.

d. When they discussed this topic I fell asleep and did not pay attention.