Carters Pays Wages in the Amount of $11,327

question 60

Multiple Choice

Carters pays wages in the amount of $11,327.This transaction includes a:

• A)debit to Cash.
• B)credit to Wages Expense.
• C)credit to Cash.
• D)credit to Revenue.

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Definitions:

Duty Of Care

A legal obligation to avoid acts or omissions that could likely cause harm to others.

Ordinarily Prudent Person

A legal standard that represents how a typical, reasonable person would act in certain circumstances, usually used to determine negligence.

Pac-Man

A classic arcade video game first released in 1980 featuring a character navigating a maze while eating dots and avoiding ghosts.

Tender Offer

A public offer by a bidder to purchase a subject company’s shares directly from its shareholders at a specified price for a fixed period of time.