How do payroll-related expenses affect financial statements? A. Payroll expenses reduce th net income of a company.

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How do payroll-related expenses affect financial statements?

A. Payroll expenses reduce th net income of a company.

B. The perlod’s gross earnings are reported on the income Statement

C. Payroll expense accouts reported on the Balance Sheet.

D. Payroll expenses may be alIocable to work performed for a firm’s customers.

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Related Book For  book-img-for-question

Payroll Accounting 2017

ISBN: 978-1259572180

3rd edition

Authors: Jeanette Landin, Paulette Schirmer

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