Identify the Two Types of Payroll Deductions and Give Two

question 14

Essay

Identify the two types of payroll deductions and give two examples of each type.

Identify essentials for an effective speech introduction.

Outline the crucial stages in presentation planning and execution.

Recognize and manage the backchannel in presentations.

Apply techniques to handle difficult questions during presentations.

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Definitions:

Accounting Periods

Periods of time covered by financial statements, usually consisting of 12 months.

Prepaid Expenses

Payments made in advance for goods or services, which are recognized as assets on a balance sheet and expensed over time as the benefit is received.

Asset Account

An account that records the value of resources owned by an entity, which can provide future economic benefits.

Unearned Revenue

Money received by a company for goods or services yet to be provided; it is recorded as a liability until the service or product is delivered.