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What is a retroactive adjustment? Question 20 options: An increase in...

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Accounting

What is a retroactive adjustment?
Question 20 options:
An increase in wages that is processed after the increase has been awarded
An increase in wages that is awarded and the effective date is backdated
Back pay for an employee who was terminated and then later reinstated as a result of a court decision or union intervention
An increase in wages that is awarded and the effective date is current

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