Examlex
Because the minimum wage is set by the Fair Labor Standards Act, there is no variation from state to state in the minimum wage paid to hourly workers.
Adjustments
Entries made in accounting records to correct errors or allocate revenues and expenses to the appropriate accounting period.
Depreciation
The systematic allocation of the cost of a tangible asset over its useful life, representing wear and tear, obsolescence, or a decline in value.
Utilities Payable
A liability account recording amounts owed for utilities such as electricity, water, and gas that have been consumed but not yet paid for.
Utilities Expense
Costs associated with the consumption of utilities such as electricity, gas, water, and sewer services by a business or household.
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