2. “a company’s net income appears directly on the income statement and the owner’s equity statement, and it is included indirectly in the company’s balance sheet.” do you agree? explain.

How might non-industrialized countries be impacted by the foreign exchange market?

Alamar petroleum company offers its employees the option of contributing retirement funds up to 5% of their wages or salaries, with the contribution being matched by alamar. the company also pays 80% of medical and life insurance premiums. deductions relating to these plans and other payroll information for the first biweekly payroll period of february are listed as follows: wages and salaries $ 2,800,000 employee contribution to voluntary retirement plan 92,000 medical insurance premiums 50,000 life insurance premiums 9,800 federal income taxes to be withheld 480,000 local income taxes to be withheld 61,000 payroll taxes: federal unemployment tax rate 0.60 % state unemployment tax rate (after futa deduction) 5.40 % social security tax rate 6.20 % medicare tax rate 1.45 % required: prepare the appropriate journal entries to record salaries and wages expense and payroll tax expense for the biweekly pay period. assume that no employee's cumulative wages exceed the relevant wage bases for social security, and that all employees' cumulative wages do exceed the relevant unemployment wage bases.

Which of the following are true of mortgages? a mortgage is a long-term loan secured by real estate. a borrower pays off a mortgage in a combination of principal and interest payments that result in full payment of the debt by maturity. over 80 percent of mortgage loans finance residential home purchases. all of these are true of mortgages. only a mortgage is a long-term loan secured by real estate and a borrower pays off a mortgage in a combination of principal and interest payments that result in full payment of the debt by maturity of these are true of mortgages.