Which Balance Sheet Accounts Are Included in the Payroll and Personnel

question 5

Multiple Choice

Which balance sheet accounts are included in the payroll and personnel cycle?

• A) cash in bank, accrued payroll, trade accounts receivable
• B) accrued payroll, notes payable, and deferred tax
• C) accrued payroll, cash in bank, and accrued payroll taxes
• D) salaries and commissions, cash in bank, accrued payroll taxes

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Definitions:

Confidence interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, with a certain degree of confidence.

Population mean

The average value of a characteristic within an entire population.

Population standard deviation

A measure of the dispersion or variability within a total population.

Sample median

The midpoint value of a sample data set, where half the numbers are above the median and half are below.