If Cash Is Paid for Worker Salaries,the Transaction Includes

question 21

Multiple Choice

If cash is paid for worker salaries,the transaction includes

• A) debiting Salaries Expense and crediting Cash.
• B) debiting Salaries Expense and crediting Accounts Payable.
• C) debiting Salaries Expense and crediting Capital.
• D) debiting Cash and crediting Salaries Expense.

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Definitions:

Normal Value

An import valuation standard that refers to the price of goods in the domestic market of the exporting country.

World Trade Organization

An international organization that regulates and facilitates global trade between nations.

Antidumping Code

A set of international regulations designed to prevent dumping, which is the practice of exporting goods at a price lower than their normal value, often with the intent of driving out competition.

MIGA

The Multilateral Investment Guarantee Agency, an international organization that offers political risk insurance and credit enhancement to investors and lenders.