Which Financial Statement Shows Salaries Expense

question 216

Multiple Choice

Which financial statement shows Salaries expense?

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

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Definitions:

Surplus

An economic situation where the quantity of goods supplied is greater than the quantity demanded.

Shortage

A situation in an economy where the demand for a product or service exceeds the supply available at a specific price.

Equilibrium Price

The financial value where the availability of goods equals consumer demand.

Demand Falls

Demand falls occur when there is a decrease in the quantity of a good or service demanded at any given price, often due to changes in consumer preferences, income, or price increases.