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NEW QUESTION 39
Which of the following does NOT represent a deductible business expense?
- A. Dry cleaning charges while out of town on business
- B. Golfing event following a business meeting
- C. Country club dues
- D. Lodging while on business travel
Answer: C
NEW QUESTION 40
When the state does not allow workers' compensation converge through a private insurance carrier, this is referred to as a:
- A. National council state
- B. Monopolistic state
- C. Public fund state
- D. Competitive state
Answer: B
NEW QUESTION 41
The entry to record an employee's repayment of a salary advance is (employee repays advance by personal check):
- A. Debit cash, credit accounts receivable
- B. Debit accounts receivable, credit cash
- C. Debit salary expense, credit accounts receivable
- D. Debit cash, credit wages payable
Answer: A
NEW QUESTION 42
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