Answer:
C) debit Salary Expense, $16,440; credit Salaries Payable, $16,440
Explanation:
The adjusting entry is as follows
Salaries expense Dr $16,440
To Salaries payable $16,440
(Being the salary expense is recorded)
The computation is shown below:
= $41,100 × 2 days ÷ 5 days
= $16,440
While recording this we debited the salaries expense and credited the salary payable as it increased the expenses and liabilities account
Answer:
C. Liabilities that do not have a fixed due date, but are payable on demand, are reported as long-term liabilities.
Explanation:
The liabilities are the responsibility with regard to the amount that is borrowed by someone from any other person or financial institution. It is a responsibility of a person to return the borrowed amount within the prescribed time along with the interest. Its time period is more than one year
Based on the given options, the option A, B and D are correct but option D is not correct as they have the specified date
Hence, the option C is correct
The most common method used for training non-managerial employees is on the job training (OJT).
On-the-job training (OJT) is a hands-on approach to acquiring new competencies and skills required for work in a real work environment.
Often used to learn how to use a particular tool or equipment in a real work practice, simulation, or training environment.
Instead of showing employees presentations and handing out worksheets, employees learn about the job by doing it. This training takes place in the workplace under the direction of a supervisor, manager or other competent employee.
As part of the introduction phase, new employees will have a close look at all future work processes. They learn what to expect in the workplace, how to operate equipment, and other skills necessary to succeed on the job.
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Answer:
The fans as they purchase tickets
Explanation:
The government has imposed a $2 tax per seat. The stadium management will increase the price of tickets per seat by at least $2. It means the customers (fans) will pay an extra amount per seat to cater for the taxes.
The stadium management will act as a tax intermediary. They will collect the $2 per seat tax from the ticket sales and remit it to the government.
Answer and Explanation:
1. The first statement is true
2. The second statement is false as the company that claims the compliances would comply with the standard, interpretations and the disclosure requirements
3. The third statement is true
4. The fourth statement is false as for creating a standard there si two basic premises i.e.
a. It should be responsive to the needs and the viewpoints with respected to the overall economic community
b. It should be operated in complete public view
