When Finishing the History for the Payroll Ledger -

question 2

Multiple Choice

When finishing the history for the payroll ledger -

• A)the employee history cannot be changed
• B)the employee personal information cannot be corrected
• C)the employee default deduction amounts cannot be corrected
• D)the employee income and taxes cannot be corrected

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Definitions:

Preferred Stock

A type of share in a corporation that gives the owner a greater entitlement to the firm's earnings and assets than holders of common stock.

Dividend Growth Model

An approach to valuing a company's shares by calculating the present value of its expected dividends through discounting.

Cumulative Voting

A voting system that allows shareholders to allocate all of their votes to one candidate or distribute them among multiple candidates during an election.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with dividends that are paid out before those of common shares.