A payment to an employee in settlement of salaries payable decreases an asset and decreases equity.
Answer the following statement true (T) or false (F)
False
The event decreases assets (cash) and decreases liabilities (salaries payable).
You might also like to view...
The price at which a share of capital stock may be purchased or sold at a given time is called the
a. market value; b. par value; c. stated value; d. book value; e. discount.
Define the two types of sexual harassment and provide an example of each. What are some steps you can follow in the workplace to avoid sexually harassing others?
What will be an ideal response?
Earnings per share is the earnings per share of outstanding common stock
Indicate whether the statement is true or false
The allowance for uncollectible accounts is similar to accumulated depreciation in that it represents the total of all accounts written off over the years
Indicate whether the statement is true or false