How Does a Debit Balance in the Wages and Salaries

question 47

Multiple Choice

How does a debit balance in the wages and salaries expense account affect a firm's income statement?

• A)A debit balance will increase the expenses of the firm's income statement.This will increase the total expenses of the firm and decrease the net income of the firm.
• B)A debit balance will decrease the expenses of the firm's income statement.This will increase the total incomes of the firm and decrease the net income of the firm.
• C)A debit balance will increase the expenses of the firm's income statement.This will decrease the total expenses of the firm and increase the net income of the firm.
• D)A debit balance will increase the income of the firm's income statement.This will increase the total expenses of the firm and increase the net income of the firm.

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Definitions:

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A hormone secreted by the pancreas that stimulates the release of glucose, thus elevating blood sugar level.

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The concentration of insulin, a hormone produced by the pancreas to regulate blood glucose levels, present in the bloodstream.