Organizations are not legally required to provide benefits of any type for employees
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Most organizations are required to provide Social Security and unemployment benefits for regular employees who are not considered freelance employees.
Business
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The current portion of notes payable is reported on the balance sheet under current liabilities
Indicate whether the statement is true or false
Business
If the maker of a note does not pay at maturity, ________
A) the debtor no longer owes the payee B) interest revenue cannot be accrued on the note C) the note is no longer in force because it has expired D) the principal is recorded as a debit to the Accounts Receivable account
Business