Although It May Look Unusual, When Preparing a Reversing Entry

question 128

Multiple Choice

Although it may look unusual, when preparing a reversing entry you may create

• A) a debit balance in an asset account.
• B) a credit balance a liability account.
• C) no change; all accounts remain in the same balance.
• D) a credit balance in an expense account.

Understand the gender prevalence of different psychological disorders.

Recognize the symptoms and patterns of bipolar disorder.

Comprehend the impact of explanatory style on behavior and emotions.

Identify the therapeutic approaches to coping with psychological difficulties.

---

Definitions:

Unemployment Tax Rates

Refers to the taxes that employers must pay to the government, usually at the state level, based on a percentage of the total payrolls of their employees to fund unemployment compensation programs.

Medicare Portion

The Medicare portion is the share of payroll taxes collected from employers and employees that is allocated to fund the Medicare program.

Social Security Portion

The part of payroll taxes paid by employers and employees that goes towards funding the Social Security program.

Net Pay

The amount of an employee's earnings that remains after deductions, such as taxes and retirement contributions, have been applied.