Use the Following Information to Answer Questions

question 48

Multiple Choice

Use the following information to answer questions.
The following totals for the month of April were taken from the payroll register of Branson Corp.:
-The journal entry to record the accrual of the employee's portion of Canada Pension Plan (CPP) would include a

• A) debit to CPP Payable of $1,330.
• B) debit to CPP Expense of $1,330.
• C) credit to Employee Benefits Expense of $1,330.
• D) credit to CPP Payable of $1,330.

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Definitions:

Mean

The average of a set of numbers, calculated by adding them all together and then dividing by the total number of values.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, commonly the mean, median, or mode.

Positively Correlated

A relationship between two variables where both variables move in the same direction, meaning that as one variable increases, the other also increases, or as one decreases, the other also decreases.

Diet Drugs

Medications prescribed to aid in weight loss by suppressing appetite, increasing metabolism, or inhibiting fat absorption.