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:

Number of Collisions

A measure often used in physics and traffic safety to quantify the total occurrences of objects striking against each other within a specified period or area.

Placebo Effect

A phenomenon where a person experiences a physiological or psychological improvement after receiving a treatment with no therapeutic value.

Nonalcoholic Drink

A beverage that does not contain alcohol.

Operational Definition

An operational definition specifies the exact criteria and methodology for measuring or observing a concept or variable in a research study.