questions 6, 26 and 27

QUESTION 6 Which of the following is included in the process by which accounting provides information to users a. Record economic data about business activities and events b. All of the above c. Prepare accounting reports for users d. Assess users' information needs and design the accounting information system to meet users' needs QUESTION 26 A machine with a cost of $360,000 has an estimated residual values of $10,000 and an estimated life of 5 years or 14.000 hours. It is to be depreciated by the its of output method What is the amount of depreciation for the second fall year during which the machine was 2.250 hours in the second year? od 1.200 hours the first year and a $56,250 b. $57000 $70,000 d. $86,400 QUESTION 27 According to a summary of the payroll of Scotland Company, 5450,000 was subject to the 6.0% social security tax and $500,000 was subject to the 15% Medicare tax. Federal income tax withheld was $98,000. Also, $15,000 was subject to state (5.4%) and federal (0.8%) unemployment totes. The journal entry to record accrued payroll taxes would include a a. credit to SUTA Payable of $810 b. debit to SUTA Payable of $18.900 c. credit to SUTA Payable of $18.900 d. debit to SUTA Payable of $810 Chick Save and Submit to save and submit. Click Save All Answers to save all answers. Save As Answers