Small Corporation Uses a Wages Clearing Account for Its Payroll

question 23

Multiple Choice

Small Corporation uses a Wages Clearing Account for its payroll disbursements. At the end of February, a reasonably large debit balance remained in this account. The most likely reason for this is that

• A)more labor cost had been assigned to the expense accounts than had been paid.
• B)some labor cost had not been properly classified in the expense accounts.
• C)some employees had not yet cashed their checks.
• D)not enough cash had been transferred to the bank account.

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Definitions:

Sensory/Perceptual Systems

The biological and neurological systems that process sensory inputs and allow for perception.

Pheromones

Chemical signals released by an organism that influence the behavior or physiology of other members of the same species.

Visual Information

Data perceived through the eyes and processed by the visual system, enabling the representation and understanding of the environment.

Parallel Pathways

Multiple neural or process routes functioning simultaneously to carry out a particular function or achieve an outcome.