An Employee's Pay ________ Shows How Often the Employee Is

question 51

Short Answer

An employee's pay ________ shows how often the employee is paid; most commonly, this is weekly, biweekly, or monthly.

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Definitions:

Going Concern Assumption

The assumption that the company will continue in operation for the foreseeable future.

Accounting Principles

Fundamental guidelines or rules that govern the field of accounting and ensure the accuracy and consistency of financial statements.

Accrued Revenues

Income recognized on the income statement but not yet received in cash or recorded by the company.

Prepaid Costs

Payments made beforehand for products or services that will be delivered at a later date.