When in the Process of Correcting a Data Error in the Payroll

question 35

Multiple Choice

When in the process of correcting a data error in the payroll entry after posting -

• A) one should remember to recalculate the taxes
• B) one should remember to reverse all amounts
• C) one should remember to first cancel the entry
• D) one should remember to re-enter all data

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Definitions:

Tender Offer

An offer to purchase made by one company directly to the shareholders of another (target) company; often referred to as a “takeover bid.”

Target Company's Management

The executive and senior officers responsible for operating and making strategic decisions for a company that is being considered for acquisition or merger.

Merger

The combining of two or more entities into one, through either the acquisition of one by another or the consolidation of both into a new entity.

Building Corporation

A company engaged in the construction of buildings, ranging from residential to commercial projects.