1. On December 31, 2009, salaries owed to employees total $4,150. These will be paid on January 4, 2010. An adjusted trial balance prepared on December 31, 2009, includes which of the following?

Group of answer choices

A. Salaries Expense, $4,150

B. Salaries Payable, $4,150

C. Unearned Salaries, $4,150

D. Both Salaries Expense, $4,150 and Salaries Payable, $4,150.

2. The stable-monetary-unit assumption:

Group of answer choices

A. ensures that accounting records and statements are based on the most reliable data available.

B. holds that the entity will remain in operation for the foreseeable future.

C. maintains that each organization or section of an organization stands apart from other organizations and individuals.

D. enables accountants to ignore the effect of inflation in the accounting records.