An Employee Worked for a Small Business During the Current

question 16

Multiple Choice

An employee worked for a small business during the current month but will not be paid until the next month.If the business uses cash accounting, what would be the effect on the accounting equation in the current month?

• A)Assets decrease and liabilities decrease.
• B)Liabilities increase and owners' equity increases.
• C)Liabilities increase and owners' equity decreases.
• D)There is no effect at this time.

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Definitions:

Genetic Influence

Genetic influence refers to the impact that one's genes have on their traits and behaviors.

Educational Experiences

Refers to the encounters and activities that contribute to learning, skill development, and knowledge acquisition in formal and informal settings.

Social-cultural Influence

The impact of societal and cultural factors on individual behavior, beliefs, and attitudes.

Mass Media Influence

Mass media influence describes the significant impact that platforms like television, radio, newspapers, and the internet have on public opinion, culture, and societal norms.