Wages Payable Is a Type of Expense

question 158

True/False

Wages payable is a type of expense.

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Definitions:

U.S. Businesses

Companies or enterprises that are located within the United States of America and are subject to its regulations and economic policies.

Franchise

A franchise is a type of business whereby a franchisee is given the license by a franchisor to operate under the brand's name and system.

Chain Contract

A legally binding agreement that links several parties in a series of contracts, often used in supply chains or franchising networks.

Due Diligence

An investigation or audit of a potential investment or product to confirm all facts, such as reviewing financial records, plus anything else deemed material.