Taxes payable and salaries payable are examples of
A. Fixed assets
B. Long-term liabilities
C. Current liabilities
D. Stockholders equity
E. Expenses
C. Current liabilities
Business
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Which of the following entries would be made because of the matching principle?
A) Salaries Expense 1,000 Service Revenue 1,000 B) Cash 1,000 Salaries Expense 1,000 C) Salaries Expense 1,000 Salaries Payable 1,000 D) Cash 1,000 Unearned Revenue 1,000
Business
Process decisions are strategic in nature
Indicate whether the statement is true or false
Business