The Payment of Salaries to Employees for Wages of the Current

question 63

Multiple Choice

The payment of salaries to employees for wages of the current period would:

• A)increase owner's equity and decrease liabilities.
• B)increase net income and decrease assets.
• C)decrease assets and owner's equity.
• D)increase assets and decrease owner's equity.

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Definitions:

Concordant Rates

In genetics, the likelihood of both members of a pair (especially twins) to either both exhibit or not exhibit a trait or disorder.

Heritability

Heritability is a measure of how much of the variation in a trait among individuals within a population can be attributed to genetic differences.

Concordance

The agreement or harmony between treatments, behaviors, or opinions among individuals or in data, often used in genetics and medicine to describe the similarity in illness or traits.

Hereditary Trait

A feature or characteristic passed from one generation to another through genes.