Jerry Is a Non-Exempt Employee Who Has Been Sent for Training

question 64

True/False

Jerry is a non-exempt employee who has been sent for training in using a new software package.Jerry must be paid his regular wages for all the time he spends in the training sessions,all of which are held during regular working hours.

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Definitions:

Accounts Payable

A liability account tracking money owed by a business to suppliers or creditors for goods and services received.

Revenue Account

An account that records sales, services, or other income earned by a business.

Asset Account

Accounts on a balance sheet that represent the resources owned by a company, which are expected to provide future economic benefits.

Liabilities

Financial obligations of a business, including debts and other amounts owed to creditors.