As a General Rule,financing Cash Flows Affect

question 21

Multiple Choice

As a general rule,financing cash flows affect

• A)noncurrent assets and liabilities.
• B)current assets and liabilities.
• C)noncurrent liabilities or shareholders equity.
• D)noncurrent assets.

Understand the various elements of payroll deductions and how they are computed.

Grasp the concepts of regular earnings, overtime earnings, and gross earnings within a payroll period.

Identify and distinguish between employer and employee contributions to taxes and benefits.

Know the filing procedures and purposes of payroll tax forms such as Form 940 and W-3.