AccountingBLOCK

1. Can you treat new hires as independent contractors during their probationary period?

2. Alice works at home where is injured while on the job. Is Alice covered by workers’ comp?

3. Are new tires for the company car depreciated or expensed?

4. You specifically tell Paul, an hourly employee, not to work during her lunch hour, but he does anyway. Must you pay him for the meal period?

5. New-hire Pat Green hands you a Social Security card on which you see her last name spelled “Gree.” On her paycheck, you must spell her last name _____.

6. You give permanent, full-time employees paid vacation and holiday leave. Must you do the same for temps and part-timers?

7. Is a note receivable recorded at face value or maturity value?

8. Your company sets up a line of credit at its bank. Are the fees for this service expensed or capitalized? What about loan commitment fees?

ans
2 yes, she is covered by workers comp as she was performing her work or
she was working at tht time.

3 depends on the life of the tyres defined ,if the life is less than 12 months
it will be expensed and if life is more than 12 mths it will be depriciated.

4 if ur company allow meal allowances then u should pay him otherwise not and the group certificate of an employee tells wether they r eliglble for meal allowances.

sorry i can help u with these only

1. no

2. yes

3. depreciated

4. yes

5. “Gree”

6. no (but you should have a written company policy that states this)

7. face value

8. expensed, capitalized

__________________
Owner Zindah, Inc.
A.A Accounting
B.S Accounting

Thank you fbsrich and zaddy... that was quick and awesome