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Point 1: Birch Company has 5 sales employees, each of whom earns $3,000 per month and is paid the last working day of the month. Canada Pension Plan is 4.95 percent of the pensionable earnings and Employment Insurance is 1.78 percent of the insurable earnings. Withholdings for each employee also include federal income tax of 15% and medical insurance premiums of $110. Present a general journal entry to accrue thepayroll on March 31, 20XX. [NOTE: CPP exemptions must be considered for the answer]
Point 2: Continuing the facts about Birch Company in 1 above, present the entry to record Birch Company's employer benefits for the month of March.
Question 1: Calculate the employee and employer portion of CPP and EI
Which of the following costs are capitalized for self-constructed assets?
Which of the following is TRUE regarding an indorser's liability on a note?
The following information pertains to the budget of Quality Products, Inc., for the next year.
you have been asked to write an article outlining the corporate governance implications of the centro case for
Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company’s products. Prepare a direct m..
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Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2012, for Hauser Company, using the indirect method.
Write a response to these Congress-people explaining the importance of neutrality in financial accounting and reporting.
Excel Assessment: In this assignment, you will demonstrate your knowledge and competencies to use Excel to solve an accounting problem. Create a Statement of Cash Flows using both the direct and indirect methods.
Following are a number of unrelated transactions for the Village of Centerville, some of which affect governmental activities at the government-wide level. None of the transactions has been recorded yet. Prepare in general journal form the necessary ..
Sanborn Company rents space to a tenant for $2,500 per month. The tenant currently owes rent for November and December. The tenant has agreed to pay the November, December, and January rents in full on January 15 and has agreed not to fall behind aga..
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