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Which of the following is NOT one of the four (4) main elements to payroll that we discussed? FICA Taxes Bonuses Payroll expenses Compensated Absences

Which of the following is NOT one of the four (4) main elements to payroll that we discussed?

FICA Taxes

Bonuses

Payroll expenses

Compensated Absences

Which of the following is true about determinable liabilities reported on the balance sheet?

They are always estimable.

They are always classified as current.

They are sometimes possible instead of probable.

They are sometimes immaterial to decision makers.

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