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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
10 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
10 months ago
Salaries are definitely not assets, as they do not bring future economic benefits to the company.
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Olen
10 months ago
Some may mistakenly think salaries are reflected as income, but that's not the case.
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Tarra
10 months ago
Yes, salaries reduce the company's profit and are categorized as expenses on the income statement.
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Glennis
10 months ago
I agree, salaries are a cost to the company and are considered an expense.
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Nidia
10 months ago
Salaries are reflected on the income statement as expenses.
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Brigette
10 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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Donte
10 months 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
11 months ago
Candidate 4: That's correct. Salaries paid to employees are recorded as an expense on the income statement.
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Selma
11 months ago
Candidate 3: So, the correct answer would be D) expenses.
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Deandrea
11 months ago
Candidate 2: Yes, salaries are considered an expense for the company.
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Stephaine
12 months ago
Candidate 1: Salaries are reflected on the income statement under expenses.
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