Hahn CorpHas Three Employees

question 42

Multiple Choice

Hahn Corp.has three employees.Each earns $600 per week for a five-day workweek ending on Friday.This month the last day of the month falls on a Wednesday.The company should make an adjusting entry:

• A)Debiting Wage Expense for $1,080 and crediting Wages Payable for $1,080.
• B)Debiting Wage Expense for $360 and crediting Wages Payable for $360.
• C)Crediting Wage Expense for $1,080 and debiting Wages Payable for $1,080.
• D)Crediting Wage Expense for $360 and debiting Wages Payable for $360.

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Definitions:

Emergent Norm Theory

Emergent Norm Theory is a sociological theory that explains how new social norms can emerge spontaneously in crowds or groups, influencing members' behavior during events like riots or disasters.

Contagion Theory

A social theory that suggests ideas, attitudes, and behaviors can spread through populations as if they were infectious diseases.

New Social Movements

Collective actions that emerged from the 1960s onwards, focusing on issues like environmentalism, human rights, and social justice, differing from traditional movements by their network structures and cultural emphases.

Global Focus

An approach or perspective that emphasizes consideration of issues, ideas, and actions on an international scale.