Multiple Choice
Which statement relating to workers' compensation insurance is incorrect?
A) The percentage rate of premium is the same rate for all employers.
B) It is compulsory for all employers to take out workers' compensation insurance.
C) The premium is based on a percentage of the wages and salaries bill for the coming year.
D) When workers' compensation insurance is paid in advance, the journal entry is: DR Prepaid workers' compensation insurance; CR Bank .
Correct Answer:
Verified
Correct Answer:
Verified
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