The employees of Sinclair Services, Inc. worked the last two weeks of December. They received their paychecks on January 2. Which of the following accounts should appear on the balance sheet as of December 31?
A) Accounts Payable
B) Salaries Payable
C) Salaries Expense
D) Prepaid Expense
B
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Which of the following is most likely a true statement about price?
A) Transactional buying at a low price involves a strategic relationship with the seller. B) Features and benefits are not always related to the price of a product. C) Lower prices are equivalent to lower costs and higher quality. D) The highest quality can never be obtained at the lowest price. E) Paying too much is typically worse than paying too little.
Which of the following types of storage equipment provides document security to all records except the documents stored on either side of the one aisle that is accessible at any given time?
A. Power filing equipment B. Vertical rotary file C. Mobile filing equipment D. Structural power file