The Payment of Salaries to Employees Would

question 164

Multiple Choice

The payment of salaries to employees would:

• A) increase assets and increase liabilities.
• B) decrease net income and decrease assets.
• C) increase liabilities and increase net income.
• D) decrease assets and increase liabilities.

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Definitions:

Minerals

Naturally occurring substances, usually inorganic, with a defined chemical composition and crystalline structure.

Crystalline Rock

A rock composed of interlocking minerals that grew together; usually formed in high-temperature environments by crystallization of magma, by metamorphism, or by precipitation from hot water.

Clastic Rock

Sedimentary rocks that are composed of fragments or clasts of pre-existing minerals and rock.

Crystalline Rock

Rock characterized by the presence of crystals or a granular texture, typically formed through the cooling and solidification of magma or lava.