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Juli2301 [7.4K]
1 year ago
15

sabrina company recorded an adjusting entry for salaries owed to employees at the end of the year. as a result of this entry, sa

brina company's: (select all that apply.)multiple select question.
Business
1 answer:
mafiozo [28]1 year ago
4 0

Sabrina Company recorded an adjusting entry for salaries owed to employees at the end of the year. As a result of this entry, Sabrina Company's equity decreases and liabilities increase.

<h3>What is equity?</h3>

Equity in finance refers to ownership of assets that may be accompanied with debts or other liabilities. Liabilities are subtracted from asset value to calculate equity for accounting reasons.

<h3>What is liabilities?</h3>

A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.

To learn more about liabilities visit:

brainly.com/question/15006644

#SPJ4

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<u>True</u>

<u>Explanation:</u>

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