During which year would the wages expense be reported

Assignment Help Accounting Basics
Reference no: EM131127325

Employees performed services in 2009, but the wages were not paid until 2010. During which year would the wages expense be reported on the income statement under 

(a) The cash basis? 

(b) The accrual basis?

Reference no: EM131127325

Questions Cloud

The stability and performance of the rotation : The stability and performance of the rotation of a robot (similar to waist rotation) presents a challenging control problem. The system requires high gains in order to achieve high resolution;
Small manufacturing business has patented new device : A small manufacturing business has patented a new device for washing dishes and cleaning dirty and cleaning dirty kitchen sinks. The owner wants reasonable assurance of success. Variable costs are estimated at $7 per unit produced and sold. Fixed cos..
What is the angular separation of the two stars : Suppose that two stars in a binary star system are separated by a distance of 80 million kilometers and are located at a distance of 190 light-years from Earth. What is the angular separation of the two stars
The possibility of overcoming wheel friction : The possibility of overcoming wheel friction, wear, and vibration by contactless suspension for passenger-carrying mass-transit vehicles is being investigated throughout the world.
During which year would the wages expense be reported : Employees performed services in 2009, but the wages were not paid until 2010. During which year would the wages expense be reported on the income statement under (a) The cash basis? (b) The accrual basis?
How you would incorporate a contemporary management theory : How you would incorporate a contemporary management theory with your staff? How you would incorporate a motivational theory with your staff?
Desire to maintain accurate position control : A computer uses a printer as a fast output device. We desire to maintain accurate position control while moving the paper rapidly through the printer. Consider a system with unity feedback and a transfer function for the motor and amplifier of
What is the current density in each wire : The composite wire carries a current of 8 mA. What is the current density in each wire?
What will be the interest rates on a three year bond : Using the information from the previous question, now assume that investors prefer holding short-term bonds. A liquidity premium of 10 basis points is required for each year of a bond’s maturity. What will be the interest rates on a three-year bond, ..

Reviews

Write a Review

Accounting Basics Questions & Answers

  National average price for regular unleaded gasoline

In June, "the national average price for regular unleaded gasoline is $3.68 per gallon, which is the highest it has been in the early summer since six years"(AAA,2014).

  Luke sold a building and the land on which the building

luke sold a building and the land on which the building sits to his brother at fair market value. the fair market value

  Under what conditions may employees be exempt

Under what conditions may employees be exempt from the withholding of federal income taxes during 2012? How do such employees indicate their no-taxliability status?

  Marston company sells a single product at a sales price of

marston company sells a single product at a sales price of 50 per unit. fixed costs total 15000 per month and variable

  The practice of accounting and its uses in the business.

Address how basic financial statements and their usefulness to external users, transactions using debit and credit rules, and journalizing business transactions concepts relate to the practice of accounting and its uses in the business.

  Organizational reports to stakeholders

The annual report is considered by some to be the single most important printed document that companies produce. In recent years, annual reports have become large documents.

  Debit entry to bond interest expense

The market rate of interest for these bonds was 12%. On the first interest date, using the effective-interest method, the debit entry to Bond Interest Expense is for:

  Sterling optical and royal optical both make glass frames

leverage and stockholder wealth lo4sterling optical and royal optical both make glass frames and each is able to

  On march 1 2010 edington company acquired real estate on

on march 1 2010 edington company acquired real estate on which it planned to construct a small office building by

  What are the primary functions of the foreign exchange

what are the primary functions of the foreign exchange market? who are the participants in the market? how do global

  Franchises for the major language groups of western europe

Stan Sewell paid $50,000 for a franchise that entitled him to market software programs in the countries o the European Union. Sewell intended to sell individual franchises for the major language groups of Western Europe - German, French, English, ..

  Consider the items to be proper costs of the fixed asset

To what extent do you consider the following items to be proper costs of the fixed asset? Give reasons for your opinions.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd