The Amounts Found in the Salaries Payable Account for NovaLights

question 9

Multiple Choice

The amounts found in the Salaries Payable account for NovaLights Company were $13,200 and $15,800 on December 31, 2007, and December 31, 2008, respectively. Cash paid to employees for the years ended December 31, 2007, and December 31, 2008, were $237,000 and $274,000, respectively. NovaLights Company's Salary Expense for the year ended December 31, 2008, was:

• A)$234,400.
• B)$276,600.
• C)$271,400.
• D)$239,600.

---

Definitions:

High Intelligence

Refers to a significant level of cognitive capability, including abilities in logical reasoning, problem-solving, abstract thinking, understanding complex ideas, and learning quickly.

Learning Orientation

An approach or disposition towards valuing learning and seeing it as an essential part of performance improvement and problem solving.

Creative Potential

The capability or capacity to generate original ideas, solutions, or innovations.

Scenario Planning

A strategic planning method that organizations use to envision and prepare for various future scenarios.