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During 2020, A company incurred salary expense of $ 240 000. Beginning and ending Salary Payable was $ 4 000 and $ 8 000 , respectively. In 2020, A company paid salaries of ().

A. $ 248 000
B. $ 240 000
C. $ 236 000
D. $ 244 000

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Indicate all of the following statements that correctly describe net income. Net income ().

A. is equal to revenue minus expenses
B. is equal to revenue minus the sum of expenses and dividends
C. increases owners' equity
D. is reported by a company for a specific period of time

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Identify all correct answers. Distribution of cash dividends ().

A. decrease owners' equity
B. decrease net income
C. are recorded by debiting the Dividend Payable Account
D. are business expenses

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The accounting reporting period agrees to the calendar year.

A. 对
B. 错

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If the trial balance shows that the ledger is in balance, this means that the individual business transactions were recorded to the appropriate ledger accounts.

A. 对
B. 错

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During 2020, A company incurred salary expense of $ 240 000. Beginning and ending Salary Payable was $ 4 000 and $ 8 000 , respectively. In 2020, A company paid salaries of ().

A. $ 248 000 B. $ 240 000 C. $ 236 000 D. $ 244 000

Indicate all of the following statements that correctly describe net income. Net income ().

Identify all correct answers. Distribution of cash dividends ().

The accounting reporting period agrees to the calendar year.

If the trial balance shows that the ledger is in balance, this means that the individual business transactions were recorded to the appropriate ledger accounts.

A. $ 248 000
B. $ 240 000
C. $ 236 000
D. $ 244 000