Checking on my answers

Garcia Company recognized revenue on account. The recognition will affect which of the following financial statements?

Balance sheet

Statement of cash flows

Income statement and the balance sheet<<

Income statement

Yang Company recognized accrued salary expense. The recognition will affect which of the following financial statements?

Income statement

Balance sheet

Income statement and the balance sheet<<

Statement of cash flows

On December 31, Year 1 Adam Company incurred $3,000 of accrued salary expense. The Year 2 recognition of the cash payment for these expenses

increases the amount of salary expense recognized in Year 2.

decreases the amount of salary expense recognized in Year 2.<<

increases the amount of liabilities shown on the Year 2 balance sheet.

decreases the amount of liabilities shown on the Year 2 balance sheet.