Employees Have Worked for the Full Year and Have Received

question 37

Multiple Choice

Employees have worked for the full year and have received total wages of $306,000 in cash.However,they must wait until the next payday to be paid for the last three days of the year they have worked.The amount owing is $5,500.Wages expense in the statement of financial performance and accrued wages in the statement of financial position are respectively:

• A) $311,500 and $5,500.
• B) $306,000 and $5,500.
• C) $306,000 and $0.
• D) $311,500 and $0.

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Definitions:

Content

The information or subject matter contained in a document, speech, publication, or work of art.

Perceived/Felt Stage

This term is unclear and does not appear to refer to a widely recognized concept in psychology or management.

Vacation Time

Periods of time when an individual is not required to be at work or school, often used for rest, travel, or recreation.

Avoidance

A behavior or action taken to prevent an unpleasant situation or outcome from occurring.