Salaries expense appears in the:
A) Liabilities section of the balance sheet
B) Financing activities section of the statement of cash flows
C) Asset section of the balance sheet
D) Expense section of the income statement

Question

Quizplus · Accepted Answer

Salaries expense represents the amount of money that a company has paid to its employees for their services during a specific period. It is a cost of doing business and therefore appears in the expense section of the income statement.

Salaries Expense Appears in The