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  3. true/false ____1. a 90-day note dated march 23 has

TRUE/FALSE ____1. A 90-day note dated March 23 has a maturity date of June 21....

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Accounting

TRUE/FALSE

____1. A 90-day note dated March 23 has a maturity date of June 21.

____2. Federal unemployment (FUTA) tax is withheld from each employee's wages.

____3. No gain or loss is recorded when a plant asset is sold for an amount equal to its book value.

____4. Over the life of a depreciable asset, its recorded cost decreases, the related accumulated depreciation increases, and its book value remains constant

____5. A W-2 form is the withholding allowance certificate for an employee with two dependents.

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