Finke company's employees are paid each friday for hours worked the previous week. at the end of the accounting period, finke company accrues $3,200 for earned salaries that have not yet been paid. which of the following best describes this accrual transaction type?
a. asset source transactionb. asset use transactionc. asset exchange transactiond. claims exchange transaction

Portia grant is an employee who is paid monthly. for the month of january of the current year, she earned a total of $8,388. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year and the fica tax rate for medicare is 1.45% of all earnings. the futa tax rate of 0.6% and the suta tax rate of 5.4% are applied to the first $7,000 of an employee's pay. the amount of federal income tax withheld from her earnings was $1,391.77. what is the total amount of taxes withheld from the portia's earnings?

Why is investing in a mutual fund less risky than investing in a particular company’s stock?

Identify the level of the literature hierarchy for u.s. gaap to which each item belongs