If a fiRm Accrues the Payroll Due but Not Paid

question 37

Multiple Choice

If a firm accrues the payroll due but not paid at the end of a financial period, what should it do on the first day of the next financial period?

• A) It should create a reminder about the accrual to ensure accuracy of computations on the next pay date.
• B) It should make a note to create the reversing entry at the end of the next financial period.
• C) It should disburse the accrued pay to the employees.
• D) It should create a reversing entry in the General Journal.

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Definitions:

Aggressive Behavior

Actions or attitudes that aim to harm or intimidate another person, stemming from a variety of psychological, environmental, or biological factors.

Television Violence

Depictions of aggressive actions and behaviors on television, which may influence viewers, particularly children, in various ways.

Correlational Studies

Research methods that explore the relationship between two or more variables, without determining a causal effect.

Hostility

An emotion expressed as anger, aggression, or opposition towards others, often stemming from frustration or perceived threats.