Answer:
A debit to Salaries Expense and a credit to the Salaries Payable Account.
Explanation:
This adjusting entry brings the salary expense account to its accrued balance in line with the accrual concept and matching principle of generally accepted accounting principles. These state that expenses and revenues should not reflect only the cash basis but the accrual basis, whereby unpaid or prepaid expenses, deferred or unpaid revenues that relate to the accounting period are brought into consideration.
Answer:
A: Volume-based methods are more accurate and allowed by GAAP.
Explanation:
Answer:
Correct answer is (B) consumption and investment both decrease.
Explanation:
when government spending increases and taxes increase by an equal amount there will be decrease in both consumption and investment.
Hi.
I believe this is:
D. Allows young adults to stay on their parents' insurance until the age of 26.
