Which of the Following Financial Report(s) Reflect the Effects of Debit

question 49

Multiple Choice

Which of the following financial report(s) reflect the effects of debit and credit General Journal entries used in payroll accounting? (Select all that apply.)

• A) Income Statement
• B) Trial Balance
• C) Balance Sheet
• D) Labor Distribution Report

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Definitions:

Intentional Confinement

The deliberate act of restricting a person’s movements or freedom without lawful authority.

Conditional Privilege

A legal exemption that allows an individual to make statements that might otherwise be considered defamatory if made in certain conditions or with specific motives aimed at serving the public interest.

Detained

Held or kept in custody, often by authorities for legal or security reasons.

Intentional Tort

A wrongful act, done with the intent to cause harm to another, that results in injury or damage.