Employees perform work for a company during the current accounting period. Their compensation for this work is $7,000, however, only $2,500 is paid during the accounting period. What is the impact to the current period net income and cash flow as a result of these events?

Question 2 4 pts Employees perform work for a company during the current accounting period. Their compensation for this work is $7,000, however, only $2,500 is paid during the accounting period. What is the impact to the current period net income and cash flow as a result of these events? O Increase to net income of $7,000 and decrease to cash flow of $2,500. Decrease to net ome of $7,000 and ase to cash flow of $2,500. Increase to net income of $7,000 and increase to cash flow of $2,500. None of the Answers is Correct Decrease to net income of $7,000 and decrease to cash flow of $2,500