A Company Incurred $5,000 in Wages for Employees for the Year.$4,500

question 121

Multiple Choice

A company incurred $5,000 in wages for employees for the year.$4,500 of these wages were paid by the end of the year.Choose the TRUE statement.

• A)Wages payable on the income statement will be $4,500.
• B)Wages expense on the income statement will be $500.
• C)Wages expense on the balance sheet will be $5,000.
• D)Wages payable on the balance sheet will be $500.

---

Definitions:

Live Births

The number of babies born alive in a given time period and region.

Demographic Transition Theory

A concept explaining how a nation moves from having high birth and death figures to low ones as it progresses from a pre-industrial to an industrial economic system.

Preindustrial

pertains to the period or society before the widespread adoption of industrialization, characterized by agrarian economies and limited technological advancement.

Uncontrollable Disease

A disease that cannot be effectively managed or restrained through medical intervention or lifestyle changes.