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APA Exam CPP-Remote Topic 6 Question 41 Discussion

Actual exam question for APA's CPP-Remote exam
Question #: 41
Topic #: 6
[All CPP-Remote Questions]

How are salaries reflected on the income statement?

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Suggested Answer: D

by Elvera at Mar 20, 2024, 01:10 AM

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Kimberely
1 years ago
Accruals refer to amounts that have been earned but not yet received, so it wouldn't make sense for salaries to be reflected as accruals on the income statement.
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Carlota
1 years ago
Salaries are definitely not assets, as they do not bring future economic benefits to the company.
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Olen
1 years ago
Some may mistakenly think salaries are reflected as income, but that's not the case.
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Tarra
1 years ago
Yes, salaries reduce the company's profit and are categorized as expenses on the income statement.
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Glennis
1 years ago
I agree, salaries are a cost to the company and are considered an expense.
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Nidia
1 years ago
Salaries are reflected on the income statement as expenses.
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Brigette
1 years ago
Candidate 1: Agreed. It's important for investors and stakeholders to see how much the company is spending on salaries in relation to its overall income.
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Donte
1 years ago
Candidate 5: It makes sense because salaries are a cost incurred by the company in order to generate revenue.
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Shelba
1 years ago
Candidate 4: That's correct. Salaries paid to employees are recorded as an expense on the income statement.
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Selma
1 years ago
Candidate 3: So, the correct answer would be D) expenses.
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Deandrea
1 years ago
Candidate 2: Yes, salaries are considered an expense for the company.
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Stephaine
1 years ago
Candidate 1: Salaries are reflected on the income statement under expenses.
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