Which of the Following Has Not Contributed to the High

question 149

Multiple Choice

Which of the following has not contributed to the high rate of tropical deforestation?

• A)a lack of property rights to forests and trees
• B)a shortage of farmland
• C)banks' forgiveness of the debts of less-developed economies
• D)high demand for lumber
• E)high demand for beef and other ranch products

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Definitions:

Payroll Tax Expense

The cost to employers that includes the total of the employer’s FICA OASDI, FICA Medicare, FUTA, and SUTA taxes.

Salaries Expense

An expense account recording the total amount paid to employees for services rendered during a specific period.

Freight-in

Costs associated with transporting inventory to the company, which are typically added to the cost of inventory.

Post-Closing Trial Balance

The final step in the accounting cycle that lists only permanent accounts in the ledger and their balances after adjusting and closing entries have been posted.