Use the Following Information for Questions

question 14

Multiple Choice

Use the following information for questions
During a recent week, Cairns Consulting received $15,000 cash from clients for services performed with a total value of $50,000.The balance is to be received within 30 days.
-The effect on the balance sheet equation for this transaction would be:

• A)+ $15,000 cash = - $35,000 accounts payable + $50,000 retained earnings
• B)+ $15,000 cash - $35,000 accounts receivable = $50,000 retained earnings
• C)+ $15,000 cash + $35,000 accounts receivable = + $50,000 retained earnings
• D)+ $15,000 cash = + $15,000 retained earnings

Identify the responsibilities for various payroll items between employer and employee.

Understand the factors that influence workers' compensation insurance premiums.

Calculate FUTA tax liability.

Calculate and record the estimated annual advance premium for workers' compensation insurance.

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A platinum-based chemotherapy drug used in the treatment of various cancers, known by its chemical formula of Pt(NH3)2Cl2.

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