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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Definitions:

Consolidation

The process by which memories become stable in the brain, transforming from a short-term to a long-term state.

Neural Functioning

The operation and activities of neurons, including the transmission of electrical and chemical signals within the brain and throughout the nervous system.

Echoic Memories

A form of sensory memory that retains auditory information for a short period of time.

Implicit Memory

Memory that allows individuals to perform tasks without conscious awareness of these previous experiences.