TB TF Qu. 09-28 (Static) The amount of Federal Insurance Contributions Act (FICA) tax. The amount of Federal Insurance Contributions Act (FICA) tax that employers must pay is one-third of the amount of the Federal Insurance Contributions Act (FICA) caxes withheld from their employees True or False True False

Q: What is notional principal?

A: This is a type of derivative used by two parties under a contract to exchange the consequences (net…

Q: Horizontal analysis is often referred to as the simplest approach of analyzing information. True…

A: Horozontal analysis also known as trend analysis is used to analyse and compare the data present in…

Q: Q2: “Goodwill cannot be said to depreciate”. Explain the statement.

A: Accounting's goals include keeping a systematic record of all financial transactions in a book of…

Q: Give two examples of errors of principle?

A: Errors of principle refers to errors that are carried out at time of noting down transactions…

Q: In case where there is a conflict, the requiremnents of Conceptual Framework prevail those of the…

A: SOLUTION CONCEPTUAL FRAMEWORK MEANS THE WAY THE ACCOUNTS IS PREPARED , ACCOUNTING STANDARD BUILD AND…

Q: What is indirect quote?

A: A quote is an expression of foreign exchange rate of one currency with domestic currency. Quote is…

Q: c is not correct

A: The rate of return on the price weighted index for a period is calculated as shown below. Value of…

Q: True or False: Monte Carlo analysis predicts particular events. O True O False

A: Instead of making a single prediction, the Monte Carlo method presents multiple possibilities with…

Q: True or false: IFRS is based on the same characteristics of information as AspE

A: IFRS:It stands for International Financial Reporting Standards, a set of accounting standards…

Q: Part B is the incorrect answer

A: The LIFO method is defined as one of the important methods of inventory calculation in which the…

Q: This cannot be correct: I have options of this   a. (i) only b. (ii) only c. (iii) only d. (i)…

A: As per the business combination standard (IFRS 3) only acquisition method will be used for…

Q: What is an estoppel? Why is it used?

A: Estoppel is the legal principle which is helpful for any future contradiction. It means that…

Q: Project b npv is incorrect. MIRR is wrong for A and B.

A:

Q: ansawer

A: Where a partnership itself is generally not subject to income tax, individual partners (including…

Q: Explain Charges and Liens?

A: The question is based on the concept of legal terms used to grant security against loan or debt.

Q: All of these say incorrect.

A: An expense that benefits more than one product and for which the contribution to each product cannot…

Q: In what ways is this true or untrue?

A: Asset is anything which is owned and controlled by the entity which will provide the future economic…