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On December 31, Year 1, Gaskins Co. owed $4,500 in salaries to employees who had worked during December but would be paid in January. If
On December 31, Year 1, Gaskins Co. owed $4,500 in salaries to employees who had worked during December but would be paid in January. If the year-end adjustment is properly recorded on December 31, Year 1 what will be the effect of this accrual on the following items for Gaskins? Cash Flow from Operating Net Income a.No effect b. Decrease c. Increase d No effect Activities No effect No effect Decrease Decrease Multiple Choice Option A Option B Option C Option D
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