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John works for the ABC Company for $550 per week. CPP contributions are $27.23 for the employee and the same for the employer. Income tax
John works for the ABC Company for $550 per week. CPP contributions are $27.23 for the employee and the same for the employer. Income tax is $79.15. El Premiums are $9.79 for the employee and 13.71 for the employer. How much is John's net pay for the week? O a. $392.89 O b. $433.83 O c. $470.85 O d. $550.00 Accounts and Notes receivable are reported in the asset section of the statement of financial position at their: O a. Net realizable value a O b. Carrying amount O c. Invoice cost O d. Lower of cost and net realizable value ABC Company issues 1,000 preferred shares at $12 per share. To record the transaction a credit of $12,000 is made to: O a. Investment in ABC Company O b. Additional Contributed Capital O c. Preferred Shares O d. Accumulated other Comprehensive Income Which of the following is NOT an example of a financing activity? O a. Repaying money to a bank O b. Borrowing money from a bank a O C. Selling goods on credit O d. Paying dividends What type of analysis does the following schedule show? Amount Percentage Current Assets $225,000 25% Non-Current Assets $750,000 75% Total Assets $975,000 100% O a. Ratio analysis O b. Inter-company comparison O c. Vertical analysis O d. Horizontal analysis
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