If There Is a Credit Balance in the Payroll Payable

question 65

Multiple Choice

If there is a credit balance in the Payroll Payable at the end of the accounting period,it represents

• A)the amount by which applied payroll was greater than actual payroll.
• B)the amount by which actual payroll was greater than applied payroll.
• C)labor costs which have not been paid.
• D)an amount that should be charged to Cost of Goods Sold.

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Definitions:

Norm-Referenced Testing

Testing in which a student's performance is compared to a norm group or a representative sample of peers to determine the relative standing.

Scale of Measurement

The method used to categorize and quantify variables in research, which determines the type of analytical technique that can be used on the data.

Ethnic Groups

Social groups that share a common and distinctive culture, religion, language, or the like.

Percentile

A statistical value that represents the position of a score in a distribution, showing the percentage of scores that fall below it.