Which of the Following Is NOT a Benefit Required by Law

question 7

Multiple Choice

Which of the following is NOT a benefit required by law and mandatory?

• A) Unemployment compensation
• B) Paid time off to vote, serve on a jury, or perform military service.
• C) Social security
• D) Dental plan

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Definitions:

Investing Activities

These are transactions related to the acquisition or sale of long-term assets and other investments not included in cash equivalents.

Note Payable

A written promise to pay a specific amount of money, usually with interest, by a certain date.

Financing Activities

These refer to transactions and business events involving the flow of cash between a company and its investors, creditors, and owners, such as issuing shares, borrowing loans, and paying dividends.

Accounts Receivable Balance

The total amount of money due to a company for goods or services delivered or used but not yet paid for by customers.