If the End of the Fiscal Year Is Not a Payroll

question 40

Multiple Choice

If the end of the fiscal year is not a payroll date,the Direct Labor account normally has:

• A)A debit balance,representing prepaid labor costs.
• B)A credit balance,representing accrued wages payable.
• C)Either a debit or a credit balance,depending upon whether the end of the fiscal year falls before or after the end of the pay period.
• D)A zero balance,because the Direct Labor account is closed along with the other expense accounts.

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Definitions:

Oral Contraceptive

A medication taken by mouth to prevent pregnancy, commonly known as the birth control pill, which contains hormones to inhibit ovulation.

Legal Abortion

The termination of a pregnancy through medical or surgical means that is permitted and regulated by law.

Fertility Rates

The average number of children born to a woman over her lifetime within a specific population.

Labor Force

The total number of people employed or actively seeking employment in a given country or region.