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FinMan10e_ATest_ch10 - 10th Edition FINANCIAL MANAGERIAL...

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10th Edition FINANCIAL & MANAGERIAL ACCOUNTING CORPORATE FINANCIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 10A Score % Name Course Section NOTE: Each of the 25 correct answers is assigned a weight of 4%. FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY—48% A
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TEST 10A (Concluded) INSTRUCTIONS: Complete each of the following statements by writing the appropriate words or amounts in the Answers column. For Scoring STATEMENTS Answers 0. The total earnings of an employee for a payroll period, before deductions, is referred to as .................................................................... gross pay 0. ____ 1–3. The four common payroll taxes levied against employers are: 1. .................................................................................................................. 1. ____ 2. .................................................................................................................. 2. ____
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3. .................................................................................................................. 3. ____ 4. .................................................................................................................. 4. ____ 5–7. A 90-day, 15% note for $100,000 dated March 10, payable to Rocky Mountain Bank & Trust, is signed by Paul Co. 5. The maturity date of the note is ............................................................... 5. ____ 6. The interest payable at the maturity date is ............................................ $ 6. ____ 7. The maturity value of the note is ............................................................. $ 7. ____ 8–9. Assume that the note referred to in Question 5–7 was not interest- bearing but was discounted at Third Bank & Trust at a rate of 10%.
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TEST 10A (Concluded) 8.
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