The Employees of Robert Rogers, CPA, Worked on the Last

question 86

Multiple Choice

The employees of Robert Rogers, CPA, worked on the last two weeks of December, 2014. They received their paychecks on January 2. Which of the following accounts should appear on the income statement for the year ended December 31, 2014, as per the matching principle?

• A)Salary Expense
• B)Prepaid Expense
• C)Salaries Payable
• D)Unearned Revenue

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Definitions:

Equal

Having the same value, quantity, or measure as something else.

Regression Line

A straight line that best fits the data points in a scatter plot, showing the relationship between two variables.

Horizontal

A direction or plane that runs left to right and parallel to the ground or bottom margin of a page.

Slope

A measure of the steepness or incline of a line, often representing the rate of change in a relationship between two variables.