What Type of Account Is CPP Payable

question 83

Multiple Choice

What type of account is CPP Payable?

• A) Asset
• B) Liability
• C) Revenue
• D) Expense

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Definitions:

Labor Unions

Organizations formed by workers to protect their rights and interests, negotiate with employers over wages, benefits, and working conditions.

National Industrial Recovery Act

A 1933 U.S. law aimed at boosting economic growth during the Great Depression through industrial codes of fair competition and workers' right to unionize.

U.S. Legislation

Laws and statutes enacted by the legislative branch of the United States government.

Unionize

The process by which workers form or join a union to collectively negotiate with their employer over wages, benefits, and working conditions.