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

Limited Time Offer

25%

Off

Get Premium CPP-Remote Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

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.

upvoted 0 times

...

Carlota

5 months ago

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

upvoted 0 times

...

Olen

5 months ago

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

upvoted 0 times

...

Tarra

5 months ago

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

upvoted 0 times

...

Glennis

6 months ago

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

upvoted 0 times

...

Nidia

6 months ago

Salaries are reflected on the income statement as expenses.

upvoted 0 times

...

Brigette

6 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.

upvoted 0 times

...