Name: ID: D t taxes? are required to withold from employees which of the following er FICA tax a. b. only state unemployment compensation tax FICA tax, state and federal unemployment compensation tax d. c. only federal unemployment compensation tax -41. Which of the following is included in the cost of land? brokerage commission a. b. fences on the land outdoor parking lot lighting attached to the land c. d. cost of paving a parking lot During a bank reconciliation process, a. 42. Outstanding checks are added and deposits in transit are subtracted from the bank statement balance b. Outstanding checks and deposits in transit are subtracted from the bank statement balance. Outstanding checks are subtracted and deposits in transit are added to the bank statement c. balance Outstanding checks and deposits in transit are added to the bank statement balance. d. The balance in the prepaid rent account before adjustment at the end of the year is $24,000, which represent four months' rent paid on December 1. The adjusting entry required on December 31 is a. debit Prepaid Rent, $18,000; credit Rent Expense, $6,000 b. debit Rent Expense, $18,000; credit Prepaid Rent, $6,000 c. debit Rent Expense, $6,000; credit Prepaid Rent, $6,000 d. debit Prepaid Rent, $6,000; credit Rent Expense, $6,000 43. Profit is the difference between 44. assets and liabilities the incoming cash and outgoing cash the assets purchased with cash invested by stockholders and the cash spent to operate the a. b. c. business the amounts received from customers for goods or services and the amounts paid for the inputs used to provide the goods or services d