Enchanted Creations Has the Following Data in Its Federal Withholding

question 35

Multiple Choice

Enchanted Creations has the following data in its Federal withholding tax payable General Ledger account:

What is the balance of the account as of April 30?

• A)Debit $49,485
• B)Credit $16,495
• C)Debit $16,495
• D)Credit $49,485

---

Definitions:

Concession Bargaining

A negotiation process where the union agrees to reduce benefits or alter conditions in exchange for something from the employer, often during economic difficulties.

Sequential Bargaining

a negotiation strategy where discussions and agreements on multiple issues occur in a specific sequence, rather than simultaneously.

Pattern Bargaining

A labor negotiation strategy where a union establishes contract terms with one employer and then seeks to apply those terms to negotiations with other employers in the same industry.

Decentralization

The process of distributing or dispersing functions, powers, people, or things away from a central location or authority.