Answer:
The _purchasing power__ states that exchange rates between any two currencies will adjust to reflect changes in the price levels of the two countries.
Explanation:
Answer:
This question is incomplete. However, I searched the web and found a similar question that is asking to "Prepare journal entries to (a)update depreciation for 2021"
Explanation:
The general journal entries will be as follows;
From Jan 1st to Sept. 1st, there are 8 months of depreciation. If yearly depreciation is $2,832, it means that monthly depreciation is $236.Therefore, depreciation expense for the 8 months would be (8*236 = $1,888). For journal entry, you will debit depreciation expense and credit accumulated depreciation;
Dr. Cr.
Depreciation $1,888
Acc. depreciation $1,888
Answer:
Federal Insurance Contributions Act
Explanation:
The Federal Insurance Contributions Act refers to a law that establishes the federal taxes that are deducted from employees' salaries to get the funds for social services like Medicare, disability insurance, among others. According to this, the answer is that the act that requires most employers to withhold certain amounts from employees' earnings for contributions to the Social Security and Medicare programs is called the Federal Insurance Contributions Act.