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uysha [10]
3 years ago
15

Finke Company's employees are paid each Friday for hours worked the previous week. At the end of the accounting period, Finke Co

mpany accrues $3,200 for earned salaries that have not yet been paid. Which of the following best describes this accrual transaction type?
a. Asset source transaction

b. Asset use transaction

c. Asset exchange transaction

d. Claims exchange transaction
Business
1 answer:
kolezko [41]3 years ago
6 0

Answer:

d. Claims exchange transaction

Explanation:

Claims exchange transaction -

It refers to any discrepancy in the claims , is referred to as claims exchange transaction .

In this case the claim of one reduces and others increases and hence the total claim remains constant .

Hence , from the given scenario of the question ,

The correct option is d. Claims exchange transaction .

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Martha and Gordon purchased a home for $175,000 six years ago with a 5.5 percent, 30-year $140,000 mortgage. Their home now has
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The correct answer is A that is $76,000

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River Falls Manufacturing uses a normal cost system and had the following data available for 2018: Direct materials purchased on
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3 years ago
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