An Adjusting Entry That Credits Salaries Payable Is an Example

question 64

Multiple Choice

An adjusting entry that credits Salaries Payable is an example of a(n) ________.

• A) accrued expense
• B) deferred revenue
• C) accrued revenue
• D) deferred expense

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Definitions:

Securities

Financial instruments representing ownership (stocks), a debt agreement (bonds), or rights to ownership (derivatives).

Publicly Available Information

Information that is not restricted and can be accessed by the general public, often used in the context of financial data and company disclosures.

Abnormal Return

A term used in finance to describe the profits or losses from a security or portfolio that differ significantly from expected or average returns.

Operating Segments

Components of a business that engage in business activities from which they may earn revenues and incur expenses, including results that are reviewed by the company's management.