1. "Assets are always equal to the sum of liabilities plus owners' equity" is the basic concept of:
a. Assets management
b. Liability transfers
c. Accounting
d. Risk management
2. Federal tax-withholding codes require employers to file quarterly wage summary statements:
a. Income-tax withholding, employee FICA contributions, and unemployment taxes
b. Income-tax withholding, employee FICA contributions, and employer FICA contributions
c. Employee FICA contributions, employer FICA contributions, and unemployment taxes
d. Income-tax withholding, employer FICA contributions and unemployment taxes