Reducto Co. pays a weekly payroll of $95,000 that includes federal taxes withheld of $12,700, FICA taxes withheld of $7,270, and retirement withholdings of $6,000. What is the effect of assets and liabilities from this transaction?
A) Assets decrease $85,000 and liabilities decrease $25,970.
B) Assets decrease $85,000 and liabilities increase $25,970.
C) Assets decrease $69,030 and liabilities decrease $25,970.
D) Assets decrease $69,030 and liabilities increase $25,970.
Answer: D
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Which of the following statements is true if a bond is issued for an amount equal to its face value?
A) The bond's stated interest rate is less than the prevailing market interest rate at time of sale. B) The bond's stated interest rate is the same as the prevailing market interest rate at time of sale. C) The bond's stated interest rate is more than the prevailing market interest rate at time of sale. D) The bond is not secured by specific assets of the issuer.
The quality of the forecast can be improved by using information from
A) the focal firm. B) downstream partners. C) upstream partners. D) competing supply chains.