Even Though Katie Does a Completely Different Job Than Her

question 116

Multiple Choice

Even though Katie does a completely different job than her brother Kevin at the processing plant,their wages are the same because they are based on the level of skill,training,and responsibility that each of them needs for the job.What do we call this situation?

• A) gender equality
• B) employment equity
• C) affirmative employment-wage action
• D) equal pay for work of equal value

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Definitions:

Asset-Expense Relationship

The correlation between a company's assets and expenses, indicating how asset utilization incurs costs.

Prepaid Expense Adjusting Entries

Journal entries made at the end of an accounting period to account for expenses paid in advance but which relate to future accounting periods.

Supplies Expense

An account that represents the cost of supplies used during an accounting period, which are not held for resale.

Adjusting Journal Entry

An adjusting journal entry is made in the accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.