If Salaries Payable increased, the amount of the increase would result in what computation to Salaries Expense?

A) Added to Salaries Expense
B) Nothing would change with Salaries Expense
C) Subtracted from Salaries Expense
D) Multiplied by Salaries Expense

Question

Amari Malloy · Accepted Answer

Final Answer : A, Explanation :  Salaries Payable is a liability account, and Salaries Expense is an expense account. When Salaries Payable increases, it means that the company owes more salaries to its employees. This increase in liability will result in an increase in Salaries Expense, as the company will need to record the expense of the salaries that it owes.

If Salaries Payable increased, the amount of the increase would result in what computation to Salaries Expense?

A) Added to Salaries Expense
B) Nothing would change with Salaries Expense
C) Subtracted from Salaries Expense
D) Multiplied by Salaries Expense

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Learning Objectives

Learning Objectives

Related questions

If Salaries Payable increased, the amount of the increase would result in what computation to Salaries Expense?A) Added to Salaries ExpenseB) Nothing would change with Salaries ExpenseC) Subtracted from Salaries ExpenseD) Multiplied by Salaries Expense

Definitions

Learning Objectives

Learning Objectives

Related questions

If Salaries Payable increased, the amount of the increase would result in what computation to Salaries Expense?

A) Added to Salaries Expense
B) Nothing would change with Salaries Expense
C) Subtracted from Salaries Expense
D) Multiplied by Salaries Expense