Which of the following statements about workers compensation programs is true?
A) Injured workers must prove the employer was responsible for their injuries to collect benefits.
B) Workers compensation disability income benefits (amount and duration) are uniform from state to state.
C) Options available for complying with the law may include one or more of the following: self-insurance, private insurance, or insurance through a state fund.
D) Most states have elective laws whereby the employer can choose whether or not to provide workers compensation coverage to employees.
Answer: C
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The adjustment for an accrued expense:
A) increases expenses and decreases assets. B) increases expenses and increases liabilities. C) decreases expenses and increases liabilities. D) decreases expenses and increases assets.
Where should a check be indorsed?
A) on the back along the trailing edge B) underneath the drawer's signature C) anywhere there is room on the instrument D)on a paper attached to the instrument