A Credit Is Available to Encourage Employers to Provide Child

question 122

True/False

A credit is available to encourage employers to provide child care for employees.The employer can either operate its own child care facility for its employees or pay a separate qualified child care facility under contract.

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Definitions:

Account Receivable

Deferred payments from customers for the delivery or use of goods or services by a company.

Balance Sheet Relationships

The connections and correlations between various items listed on a balance sheet, such as the relation between assets, liabilities, and shareholders' equity.

Allowance Method

The allowance method is an accounting technique that estimates uncollectible accounts receivable, adjusting for debts likely not to be collected.

90-Day Note

A short-term debt security that matures in 90 days, typically used in the financing of inventory, accounts receivable, or other short-term needs.