Canada Corporation Has Hired a New Sales Manager to Start

question 31

Multiple Choice

Canada Corporation has hired a new sales manager to start work next month.She will earn $65,000 per year plus a bonus to be determined at year-end.At the time of the hiring, how would the event be recorded?

• A)An increase in assets and an increase in salaries payable.
• B)An increase in expenses and an increase in salaries payable.
• C)A decrease in retained earnings and an increase in salaries payable,
• D)It would not be recorded.

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Definitions:

Test Anxiety

Excessive worry, nervousness, or fear of negative performance outcomes before or during an exam, which can impair the ability to perform well.

Memory Strategies

Approaches and techniques used to enhance and improve the ability to store, retain, and recall information.

Note Cards

Small cards used for jotting down important information for study, speeches, or keeping track of tasks and appointments.

Main Concepts

The principal ideas, theories, or themes that form the foundation of a particular subject or discourse.