Sampson Ltd

question 15

Multiple Choice

Sampson Ltd.'s employees perform work to the value of $6500. They are paid $3500 immediately with the balance to be settled in the next accounting period. Under the cash approach to profit measurement, the amount of wages expense that will be recorded in the current period is:

• A) $3000.
• B) $3500.
• C) $6500.
• D) Nil.

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Definitions:

Inductive Reactance

The opposition offered by an inductor to the flow of alternating current (AC), dependent on both the frequency of the current and the inductance of the inductor.

Total Impedance

The collective resistance to current flow in an AC circuit, including the effects of both resistance and reactance.

Applied Voltage

The amount of voltage connected to a circuit or device.

Total Current

The sum of all currents flowing through all branches of a circuit.