Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. when a company who uses the cash basis of accounti

When a company who uses the cash basis of accounting pays employees for wages earned,...

70.2K

Verified Solution

Question

Accounting

When a company who uses the cash basis of accounting pays employees for wages earned, which of the following occurs?

a) decrease in assets and decrease in liabilities

b) decrease in liabilities and increase in stockholders' equity

c) decrease in assets and decrease in stockholders' equity

d) increase in assets and increase in stockholders' equity

e) increase in liabilities and decrease in stockholders' equity

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is the difference from general somatic afferent fibers and special somatic afferent fibers? Is it...

Medical Sciences
Q

Having aced your introductory physics course, you are hired as a summer intern at NASA. You...

Physics
Q

Peas were a good organism of choice for Mendel becausethey cannot self-fertilize.they cannot cross-fertilize.the traits...

Biology
Q

Now let's make a prediction: which of the following treatments do you expect to inhibit...

Biology
Q

Determine f x 1 for the following function Answer f x x 5 11

Basic Math
Q

If you use a 0 05 level of significance in a two tail hypothesis test...

Statistics
Q

30 Find the dot product of the given vectors A 3i 2j B 4i 5j...

Calculus
Q

If you want to calculate your take-home pay you will need to determine the amount...

Calculus
Q

Directions Consider the following function f z at a 2 Part 1 Difference Quotient It...

Calculus
Q

Sierra Company manufactures woven blankets and accounts for product costs using process costing. Data below...

Accounting
Q

In the current year, John gives $140,000 of land to John, Jr. In the current...

Accounting
Q

Please solve all Calculation of individual costs and WACC Lang Enterprises is interested...

Finance