What Effect Does Recognizing Accrued Wages Expense at the End

question 72

Multiple Choice

What effect does recognizing accrued wages expense at the end of the accounting period have on the accounting equation?

• A)Assets decrease and shareholders' equity decreases.
• B)Liabilities increase and shareholders' equity decreases.
• C)Assets decrease and liabilities decrease.
• D)Liabilities decrease and shareholders' equity decreases.