The Employees of Sinclair Services, Inc

question 212

Multiple Choice

The employees of Sinclair Services, Inc. worked the last two weeks of December. They received their paychecks on January 2. Which of the following accounts should appear on the balance sheet as of December 31?

• A) Accounts Payable
• B) Salaries Payable
• C) Salaries Expense
• D) Prepaid Expense

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Definitions:

Legitimate Reason

A valid, acceptable explanation or justification for an action or decision, often used in legal and professional contexts.

Documents

Written, printed, or electronic records that provide evidence of something or detail instructions, data, or information.

Spoliation

The intentional, reckless, or negligent withholding, hiding, altering, or destroying of evidence relevant to a legal proceeding.

Sanctions

are penalties or other measures imposed against individuals, organizations, or countries to compel compliance with laws or regulations, often used in international relations.