The Amounts Found in the Salaries Payable Account for NovaLights

question 94

Multiple Choice

The amounts found in the Salaries Payable account for NovaLights Company were $13,200 and $15,800 on December 31, 2010 and December 31, 2011, respectively. Cash paid to employees for the years ended December 31, 2010 and December 31, 2011 was $237,000 and $274,000, respectively. NovaLights Company's Salary Expense for the year ended December 31, 2011, was:

• A)$239,600.
• B)$234,400.
• C)$271,400.
• D)$276,600.

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Definitions:

Decentration

The cognitive ability to consider multiple aspects of a situation simultaneously, rather than being focused on a single viewpoint.

Objectivity

Refers to the practice of being impartial, fair, and unbiased in judgment or analysis.

Preoperational

A stage in Jean Piaget's theory of cognitive development (ages 2 to 7) where children start to use language and think symbolically but lack the ability for abstract thinking.

Transform Information

The process of changing or converting data and information into a different format or structure for understanding or analysis.