If a Company Has No Salaries and Wages Payable on Its

question 170

Multiple Choice

If a company has no Salaries and Wages Payable on its balance sheet,then one may conclude that:

• A)there are salaries and wages to be paid in next period.
• B)no salaries and wages are owed for the current period.
• C)Salaries and Wages Expense was greater than the cash paid for wages during the period.
• D)the salaries and wages were paid in advance.

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Definitions:

Residual Volume (RV)

The volume of air remaining in the lungs after a maximal exhalation, preventing lung collapse and ensuring continuous gas exchange.

Inspiratory Reserve Volume (IRV)

The extra volume of air that can be breathed in beyond a standard breath.

Expiratory Reserve Volume (ERV)

The additional air that can be forcibly exhaled after the completion of a normal, passive exhalation.

Vital Capacity (VC)

The maximum amount of air a person can expel from the lungs after a maximum inhalation, a measure of lung function.