Which of the following describes the effects of a claims exchange transaction on a company's financial statements? 
Definitions:
Gross Wages
The total amount of salary or wages earned by an employee before any deductions or taxes are applied.
Social Security
A governmental program providing financial assistance to people with inadequate or no income, especially the elderly, disabled, and families with dependent children.
Unemployment Taxes
This term refers to taxes imposed on employers based on the wages paid to employees, used to fund unemployment insurance programs.
Warranty Obligations
A company's legal responsibility to repair or replace defective products within a specified period.
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