APA Exam CPP-Remote Topic 4 Question 50 Discussion

Actual exam question for APA's CPP-Remote exam

Question #: 50
Topic #: 4

[All CPP-Remote Questions]

How are salaries reflected on the income statement?

Aincome

Bassets

Caccruals

Dexpenses

Show Suggested Answer

Suggested Answer: D

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

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Shaun

5 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

3 months ago

No, it's actually income.

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Mable

3 months ago

I think it's expenses.

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Chanel

4 months ago

D) expenses

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Carmela

4 months ago

A) income

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Chanel

4 months ago

C) accruals

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Maryann

4 months ago

D) expenses

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Lauran

4 months ago

A) income

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Oliva

5 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

4 months ago

D) expenses

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Ahmed

4 months ago

A) income

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Cheryl

5 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

5 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

5 months ago

Definitely D) expenses. Salaries are considered operating expenses, not assets or accruals.

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Buddy

5 months ago

D) expenses - Salaries are recorded as expenses on the income statement, reducing the net income.

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Reynalda

4 months ago

D) expenses - Salaries are recorded as expenses on the income statement, reducing the net income.

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Helene

4 months ago

C) accruals - Salaries are not reflected as accruals on the income statement.

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Ernestine

5 months ago

B) assets - Salaries are not considered assets on the income statement.

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Jutta

5 months ago

A) income - Salaries are not reflected as income on the income statement.

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Jade

5 months ago

I agree with Sheron, salaries are considered expenses because they are a cost incurred by the company.

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Sheron

5 months ago

Salaries are reflected as expenses on the income statement.

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