The Employees of Sinclair Services Company Worked the Last Two

question 97

Multiple Choice

The employees of Sinclair Services Company 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:

Involuntary Dismissal

The forced termination of an employee's contract by the employer, often due to poor performance, misconduct, or organizational restructuring.

Resignation

The formal act of giving up or quitting one's office or position, often accompanied by a written notice.

Affirmative Action

Policies or measures that favor groups known to have been discriminated against in the past.

Recruiting

The process of identifying, attracting, interviewing, and hiring employees for a job or role within an organization.