On December 31, Year 1, Gaskins Co. owed $4500 in salaries to employees who had worked...
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On December 31, Year 1, Gaskins Co. owed $4500 in salaries to employees who had worked during December but would be paid in January. If the year-end adjustment is properly recorded on December 31, Year 1. what will be the effect of this accrual on the following items for Gaskins? Cash Flow from Operating Net Income Activities a. No effect b. No effect Decrease No effect c. d. No effect Increase Decrease Decrease Multiple Choice Option A Option B Option C Option D O O O On December 31, Year 1, Gaskins Co. owed $4500 in salaries to employees who had worked during December but would be paid in January. If the year-end adjustment is properly recorded on December 31, Year 1. what will be the effect of this accrual on the following items for Gaskins? Cash Flow from Operating Net Income Activities a. No effect b. No effect Decrease No effect c. d. No effect Increase Decrease Decrease Multiple Choice Option A Option B Option C Option D O O O
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Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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