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  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 3: Adjusting Accounts for Financial Statements
  5. Question
    Before an Adjusting Entry for Accrued Salaries Is Made, the Amount
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Before an Adjusting Entry for Accrued Salaries Is Made, the Amount

Question 52

Question 52

True/False

Before an adjusting entry for accrued salaries is made, the amount in Salaries Expense is understated and the amount in Salaries Payable is also understated.

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