Which Financial Statement Shows Salaries Payable

question 234

Multiple Choice

Which financial statement shows Salaries payable?

• A)Income statement
• B)Statement of changes in shareholders' equity
• C)Statement of cash flows
• D)Balance sheet

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Definitions:

Floating-rate Debt

A form of borrowing where the interest rate varies over time with market conditions, opposed to fixed-rate debt.

Market Value

Market value is the current price at which an asset or service can be bought or sold in the marketplace.

Floating-rate Debt

Debt instruments that have variable interest rates, which can change over the duration of the instrument based on market conditions.

LIBOR

The London Interbank Offered Rate, an interest rate average calculated from estimates submitted by leading banks in London and used as a global benchmark for short-term interest rates.