The Following Amounts Are an Expense to the Company Except

question 50

Multiple Choice

The following amounts are an expense to the company except:

• A)FICA-OASDI Payable.
• B)FUTA Payable.
• C)SUTA Payable.
• D)All of the above are correct.

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Definitions:

Financial Statements

Documents that present an organization's financial performance and position, including the income statement, balance sheet, and cash flow statement.

Liabilities

Financial obligations or debts owed by a business to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Stockholders' Equity

Stockholders' equity represents the residual interest in the assets of a corporation after deducting liabilities, essentially the net worth of the company.

Cash Dividend

A payment made by a corporation to its shareholders, usually as a distribution of profits.