If the Credit Amount of an Entry to Record the Payment

question 113

Multiple Choice

If the credit amount of an entry to record the payment of salaries was not posted:

• A) expenses would be understated
• B) assets would be overstated
• C) shareholders' equity would be understated
• D) expenses would be overstated

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Definitions:

Atom

The basic unit of a chemical element, consisting of a nucleus of protons and neutrons, with electrons orbiting the nucleus.

Molecule

The smallest particle in a chemical element or compound that has the chemical properties of that element or compound, consisting of two or more atoms bonded together.

Constitutional Isomer

Molecules with the same molecular formula but different arrangements of atoms in space.

Empirical Formula

The simplest positive integer ratio of atoms present in a compound, not indicating the actual bonding of the atoms.