Janet has a company that pays all employees a salary on the first and the fifteenth of the month.Her normal payroll is $10,000 per pay period.On the last day of the month she would have shown
A) $20,000 as an operating expense under salaries on the income statement.
B) $20,000 as a cash flow from operating expenses on the statement of cash flows.
C) $10,000 as payroll payable on the balance sheet.
D) All of the above would show on above statements.
E) Not enough information is provided to answer this question.
Correct Answer:
Verified
Q2: The primary objective of Sarbanes- Oxley is
Q4: The normal accounting period for a business
Q5: For most businesses operating expenses include
A)salaries for
Q6: Cash payments made to employees for wages
Q7: Current assets include all of the following
Q9: Depreciation expense
A)was listed on the income statement
Q10: Public corporations require independent audits due to
Q11: Current assets include
A)accounts receivable.
B)inventory.
C)savings.
D)cash.
E)all of the above.
Q56: The Tom Smith Corporation has the following
Q59: The Tom Smith Corporation has the following
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