What Are the Effects on the Accounting Equation from the Adjustment

question 239

Multiple Choice

What are the effects on the accounting equation from the adjustment for salaries and wages incurred,but not yet paid,during the accounting period?

• A)Total liabilities will increase and total stockholders' equity will increase.
• B)Total liabilities will decrease and total stockholders' equity will increase.
• C)Total liabilities will decrease and total stockholders' equity will decrease.
• D)Total liabilities will increase and total stockholders' equity will decrease.

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