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Flauer [41]
2 years ago
5

What is the effect of an accrued expense (such as salaries expense) adjustment on the income statement and the balance sheet?

Business
1 answer:
CaHeK987 [17]2 years ago
7 0

Answer: A. Expenses are increased

B. Net income is reduced

E. A liability (such as salaries payable) will be increased.

Explanation:

An accrued expense is an expense that is witten when it was incurred even before it's eventually paid. e.g wages payable.

The effect of an accrued expense such as salaries expense adjustment on the income statement and the balance sheet is that there'll ba na increase in expense. Also, there'll be an increase in liability such as the salaries payable. Since there is an increase in liability, thus will bring about a reduction in the net income.

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You are an economist studying the small country of Mardodus. As you look at the data, you see Mardodus has experienced an influx
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2 years ago
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kkurt [141]

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$416,667

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