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QUESTION 33 Which of the following accounts would not be included in the journal entry to record payroll tax expense? Oa. FUTA Unemployment Tax
QUESTION 33 Which of the following accounts would not be included in the journal entry to record payroll tax expense? Oa. FUTA Unemployment Tax Payable Ob. Federal Income Tax Payable Oc. SUTA Unemployment Tax Payable Od. FICA- Medicare Taxes Payable QUESTION 34 Which of the following is a disadvantage of corporations? Oa. Shareholder's limited liability O b. Separate legal entity Oc. Corporate tax laws d. Continuous life QUESTION 35 Which of the following is an advantage of Bond Financing when compared to Equity Financing? Oa. Bonds require payment of both periodic interest and par value at maturity b. Bonds do not impact ownership control Oc. Interest on bonds is not tax deductible Od. None of the above QUESTION 36 Which of the following is not a plant asset? a. Vehicles Ob. Land Oc. Buildings Od. Patents
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