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APA Exam CPP-Remote Topic 4 Question 50 Discussion

Actual exam question for APA's Certified Payroll Professional exam
Question #: 50
Topic #: 4
[All Certified Payroll Professional Questions]

How are salaries reflected on the income statement?

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Suggested Answer: D

by Rolande at Jul 07, 2024, 09:36 AM

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Shaun
3 months ago
Well, if you don't know this one, you might as well just become a professional salary negotiator instead!
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Virgina
1 months ago
No, it's actually income.
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Mable
1 months ago
I think it's expenses.
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Chanel
2 months ago
D) expenses
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Carmela
2 months ago
A) income
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Chanel
2 months ago
C) accruals
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Maryann
2 months ago
D) expenses
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Lauran
2 months ago
A) income
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Oliva
3 months ago
C'mon, it's gotta be D) expenses. Salaries are a direct cost of doing business, not some fancy accounting trick.
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Detra
2 months ago
D) expenses
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Ahmed
2 months ago
A) income
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Cheryl
3 months ago
I see your point, Audria, but from the company's perspective, salaries are considered an expense as they are a cost of doing business.
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Audria
3 months ago
But aren't salaries also a form of income for employees? Shouldn't it be reflected as income on the income statement?
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Whitney
3 months ago
Definitely D) expenses. Salaries are considered operating expenses, not assets or accruals.
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Buddy
3 months ago
D) expenses - Salaries are recorded as expenses on the income statement, reducing the net income.
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Reynalda
2 months ago
D) expenses - Salaries are recorded as expenses on the income statement, reducing the net income.
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Helene
2 months ago
C) accruals - Salaries are not reflected as accruals on the income statement.
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Ernestine
3 months ago
B) assets - Salaries are not considered assets on the income statement.
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Jutta
3 months ago
A) income - Salaries are not reflected as income on the income statement.
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Jade
3 months ago
I agree with Sheron, salaries are considered expenses because they are a cost incurred by the company.
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Sheron
3 months ago
Salaries are reflected as expenses on the income statement.
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