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fomenos
3 years ago
13

An accrual of wages expense would have what effect on the balance sheet? A. Decrease liabilities and increase equity B. Increase

assets and increase liabilities C. Increase liabilities and decrease equity D. Decrease assets and decrease liabilities E. None of the above
Business
2 answers:
Salsk061 [2.6K]3 years ago
8 0

Answer: C. Increase liabilities and decrease equity

Explanation:

Wages payable are wages that a firm's workers have earned, but have not yet been paid and using the accrual method of accounting, it is recorded with an adjusting entry at the end of the accounting period. This allows the amount to be included as a current liability in the balance sheet. An accrual of wages expense increase wages payable (a current liability) and decreases retained earnings (equity) resulting from the decrease in net income. Therefore, An accrual of wages expense would increase liabilities and decrease equity.

nydimaria [60]3 years ago
5 0

Answer:

C. Increase liabilities and decrease equity

Explanation:

Accrued wages are the wages expense which is incurred and no been paid yet. This expense is recorded as follow

Dr.  Wages Expense   $xxx

Cr.  Wages Payable    $xxx

Expense ultimately settles in the equity balance through net income and retained earning. It decreases the net income, retained earning and equity balance as well.

On the other hand the wages payable is a liability account, due to credit nature a credit entry will increase its balance.

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Anika [276]

Answer:

Operating activities

Explanation:

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By performing day to day activities, the company is enabled to generate the revenues through which the company could accomplish its goals and objectives.

5 0
3 years ago
An organization with customer-focused design with the inverted organization structure puts the empowered front-line workers at t
Aleonysh [2.5K]

Answer:

tellers at JP Morgan Chase branches.

Explanation:

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3 years ago
_____ has been defined as the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements
8_murik_8 [283]

Answer: Business process re-engineering

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5 0
3 years ago
Let L1 and L2 be two lotteries with the same expected return. Suppose L2 has a larger variance and you are risk averse. Would yo
WITCHER [35]

Answer:

option 2)  smaller

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So CE of L2 will be lower

6 0
3 years ago
During the beginning of the 21st century, the growth in computer sales declined for the first time in almost two decades. As a r
MAXImum [283]

Answer:

Answer for the question:

During the beginning of the 21st century, the growth in computer sales declined for the first time in almost two decades. As a result, PC makers dramatically reduced their orders of computer chips from Intel and other vendors. In general, the environment in which computer manufacturers operate is very uncertain; how should we expect this feature of the market to affect the length of contracts between computer manufacturers and their hardware manufacturers?

is given in the attachment.

Explanation:

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2 years ago
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