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***Question #4*** 11 Prior to adjusting entries, Booz Allen had an accrued compensation balance of $200. After adjusting entries, the balance was $250. What effect

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***Question #4*** 11 Prior to adjusting entries, Booz Allen had an accrued compensation balance of $200. After adjusting entries, the balance was $250. What effect did the adjustment have on net income? Hint: Recall that accrued compensation is very similar to salaries payable. A) $50 decrease. B) $50 increase. C) $250 decrease. D) $250 increase. E) No Effect

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