Employees of Robert Rogers,CPA Worked During the Last Two Weeks

question 85

Multiple Choice

Employees of Robert Rogers,CPA worked during the last two weeks of December.They received their paychecks on January 2.The matching principle would require that which of the following accounts appear on the income statement for the year ended December 31?

• A) Salary expense
• B) Prepaid expense
• C) Salaries payable
• D) Unearned revenue

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Definitions:

BCG Matrix

A strategic business tool developed by the Boston Consulting Group to help organizations allocate resources among different business units based on market growth rate and market share.

Market Share

The percentage of an industry's sales that a particular company controls.

Significant Resources

Significant resources refer to substantial or important assets, financial or otherwise, that are available for use by individuals, organizations, or nations.

Low-growth Markets

Markets characterized by slow or no growth in terms of sales or customer base, often saturating or mature industries.