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Which are commonly payroll expenses to the business

Assignment Help Financial Accounting
Reference no: EM132944187

Problem 1: A Trial Balance proves:

Option 1: Transactions are recorded properly
Option 2: The sum of all Debit balances equal the sum of all Credit balances
Option 3: Assets = Liabilities
Option 4: Revenues = Expenses

Problem 2: The timeframe that makes an account "current" vs "long-term" is

Option 1: 3 months
Option 1: 6 months
Option 1: 1 year
Option 1: Any period pre-established by management

Problem 3: Which of the following are commonly payroll expenses to the business?

Option A: Federal Income Tax
Option B: Social Security Tax
Option C: Pension Contributions
Option D: Both B and C are correct
Option E: A, B, and C are correct

Reference no: EM132944187

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