l******1
发帖数: 132 | 1 Dana Co.'s officers' compensation expense account had a balance of $224,000
at December 31, Year 1, before any appropriate year-end adjustment relating
to the following:
• No salary accrual was made for December 30-31, Year 1. Salaries for
the two-day period totaled $3,500.
• Year 1 officers' bonuses of $62,500 were paid on January 31, Year 2.
In its Year 1 income statement, what amount should Dana report as officers'
compensation expense?
a. $290,000
b. $286,500
c. $227,500
d. $224,000
我不明白的是，那个bonus expense应该是已经计入Dr. expense, Cr. Accrued
expense，题目所谓before any appropriate adjustment是指根本就没记真个bonus的
liability?
no salary accrual was made for Dec 30-31,这个说的很明确，肯定是要加进去，但
是为什么bonus就不说了？ | k*******y
发帖数: 798 | | l****z
发帖数: 29846 | 3 这个和英文理解有关吧.
题目说:
before any appropriate year-end adjustment relating
to the following:
这个following可是包括两个的,一个是两天的工资另外一个就是bonus,所以两个都要算
. | l******1
发帖数: 132 | 4 可能是跟理解有关吧，
答案是A，都应该算。
Becker的回复：
Actually, both the two days of year end salary and the bonus will be accrued
. This question only asks for compensation expense, which is the debit side
of the equation. But for both, the correct entry would be just as you say: a
debit to expense and a credit to accrued liability. |
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