Megan Graduated from College Three Years Ago and Has Been

question 101

Multiple Choice

Megan graduated from college three years ago and has been working at Sterba Inc. ever since. A conscientious employee, she has consistently received good performance evaluations. She recently found out that a younger colleague, who was just recruited to her team, is drawing a higher salary than she is for doing the same type of work.
-Following this discovery, Megan starts coming to work late and her productivity begins to suffer. Which of the following is most similar to the scenario mentioned above?

• A) Dawn starts coming to work early and stays late once she learns that the mid-term review is around the corner.
• B) Greg believes he works harder than any of the other members in his department as they often leave the office before him.
• C) Lisa starts working longer hours after learning that her co-workers earn less than she does for the same work.
• D) Myrtle produces a higher number of units to compensate for the lower quality of her output.
• E) Beth submits her resignation after she was passed over for promotion for the second time.

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Definitions:

Equipment Account

An account on a company's balance sheet that reports the value of the company's equipment used in operations, less any accumulated depreciation.

Posting

The process of recording financial transactions in the ledger of a company as part of the accounting cycle.

Trial Balance

A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Debits

Accounting entries that can increase asset or expense accounts or decrease revenue, liability, or equity accounts.