On 15 January, 20X8, the company settled and paid a personal injury claim of a former employee as the result of an accident that occurred in March 20X0. The company had not previously recorded a liability for the claim? is this an adjusting or non-adjusting event?

Charmaine's employment was terminated by her employer on April 13 of the current year. Charmaine had worked for her employer for 3 years and was paid 3 weeks of legislated wages in lieu of notice and two weeks vacation pay with her final pay. What is the date to be recorded in Block 11 on Charmaine's Record of Employment? O April 13 of the current year O May 4 of the current year O Block 11 would not be completed O None of the above

Faramarzinikpey Company, a public company, is preparing its annual financial statements on December 31, 2022. The following selected information is available:   The company has been sued by an employee for discrimination. The employee is seeking $5,000,000 in damages. Legal counsel believes it is unlikely that the company will have to pay any damages. The amount is material ( substantial ) to the company. Employees have accrued ( earned ) $4,200 in vacation pay benefits as of December 31,2022. The company has been sued in a $ 3,000,000 product liability lawsuit. Legal counsel believes the company will probably have to pay the full amount. On October 1, 2022, the company signed a $ 10,000, 6-month, 8% note payable. No interest has been accrued to date.   Instructions:   Prepare any necessary adjusting entries or disclosures on December 31, 2022.

Line 4 of the Form 940 is where items that are not included as FUTA wages are adjusted out. Which of the following is not an item that is backed out on line 4? a.  Contributions paid by employer for health/accident plans for employees. b.  Value of a group-term life insurance with a face value of $45,000. c.  Wages over $7,000 per employee per year. d.  Nondiscretionary bonuses.