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Question - During the month of March, Carla Vista Co.'s employees earned wages of $69,000. Withholdings related to these wages were $5,279 for Social Security (FICA), $8,086 for federal income tax, $3,342 for state income tax, and $431 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $755 for state unemployment tax.
Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and wages payable. Assume that wages earned during March will be paid during April.
Prepare the entry to record the company's payroll tax expense.
What was the book value per share of the outstanding common shares on December 31st 2007 ?
In a recent annual report, Apple Computer reported the following in one of its disclosure notes: "Warranty Expense: The Company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." This n..
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