How do payroll-related expenses affect financial statements? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

Payroll expenses reduce the net income of a company. The perlod's gross earnings are reported on the Income Statement Payroll expense accounts are reported on the Balance Sheet Payroll expenses may be allocable to work performed for a firm's customers