Expenses Sometimes Make Their Contribution to Revenue in a Different

question 74

Multiple Choice

Expenses sometimes make their contribution to revenue in a different period than when they are paid. When salaries and wages are incurred in one period and paid in the next period this often leads to which account appearing on the balance sheet at the end of the time period?

• A) Due from Employees.
• B) Due to Employer.
• C) Salaries and Wages Payable.
• D) Salaries and Wages Expense.

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Definitions:

Exhibits Specificity

Describes the quality of being precise or particular in the interaction, such as the way enzymes selectively bind to specific substrates.

ATP

Adenosine triphosphate, the principal molecule for storing and transferring energy in cells.

Carrier Molecule

A molecule that facilitates the transport of another molecule across a cell membrane, often requiring energy.

Cellular Energy

Energy stored in the cells that is necessary for various functions including metabolism, chemical synthesis, and muscular contraction, mainly produced in the form of ATP.