What Are the Two Critical Factors Considered When Determining the Amount

question 23

Multiple Choice

What are the two critical factors considered when determining the amount of employment insurance to be paid to unemployed applicants?

• A) their education and experience
• B) the number of hours worked and their education
• C) the number of hours worked in the past year and regional unemployment rates
• D) the size of the firm and the salary of the employee

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Definitions:

Federal Income Tax Payable

Liabilities owed to the federal government for income taxes that have been incurred but not yet paid.

Direct Method

An accounting approach for the cash flow statement that lists major classes of gross cash receipts and payments.

Deferred Revenue

Deferred revenue is income a company has received for goods or services yet to be delivered or performed, recognized as a liability on the balance sheet until the obligation is fulfilled.

Accounts Receivables

Money owed to a business by its clients for goods or services delivered but not yet paid for.