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

question 159

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 balance sheet for December 31?

• A) Accounts payable
• B) Salaries payable
• C) Salary expense
• D) Prepaid expense

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Definitions:

Republicans

A member or supporter of the Republican Party, one of the two major political parties in the United States.

Democrats

A member or supporter of the Democratic Party, one of the two major contemporary political parties in the United States.

Independent

A term in statistics that implies no relationship between two variables, such that the occurrence of one does not affect the probability of occurrence of the other.

Addition Law

A principle in probability theory that calculates the probability of the union of two events, adjusting for the probability of both events happening.