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Kale Company owed its employees for services performed and recorded a liability for the wages owed the employees. Which of the following correctly describes the
Kale Company owed its employees for services performed and recorded a liability for the wages owed the employees. Which of the following correctly describes the impact on the financial statements when the employee wages are subsequently paid?
A.) Retained earnings decreases.
B.) Total assets remain the same.
C.) Operating expenses are increased.
D.) Operating income does not change.
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