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?

Aincome

Bassets

Caccruals

Dexpenses

Show Suggested Answer

Suggested Answer: D

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

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Kimberely

5 months 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

5 months ago

Salaries are definitely not assets, as they do not bring future economic benefits to the company.

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Olen

5 months ago

Some may mistakenly think salaries are reflected as income, but that's not the case.

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Tarra

5 months ago

Yes, salaries reduce the company's profit and are categorized as expenses on the income statement.

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Glennis

5 months ago

I agree, salaries are a cost to the company and are considered an expense.

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Nidia

5 months ago

Salaries are reflected on the income statement as expenses.

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Brigette

5 months 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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