A company owes an employee for work performed during the current accounting period. The amount owed is $600. This amount will not be paid until the next accounting period. In the current period, what is the impact of this event on income?

Question 9 4 pts A company owes an employee for work performed during the current accounting period. The amount owed is $600. This amount will not be paid until the next accounting period. In the current period, what is the impact of this event on income? Cannot be determined with the information provided. No impact on net income in the current period. Decrease net income by $600 Increase net income by $600