When a Business Pays Cash for Salaries, Assets Decrease and Expenses

question 92

Short Answer

When a business pays cash for salaries, assets decrease and expenses ________.

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Definitions:

Big Strikes

Significant labor strikes involving a large number of workers, often having a wide impact on industries or economies.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, largely fueled by international trade and investment and aided by information technology.

Blue-Collar Workers

Employees who perform manual labor, often in industries like manufacturing, construction, and maintenance, typically requiring physical work.

Overseas Workers

are individuals who are employed in a country other than their native country, often sending remittances back to their families in their home countries.