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    Survey of Accounting Study Set 8
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    Exam 2: Accounting for Accruals and Deferrals
  5. Question
    A Payment to an Employee in Settlement of Salaries Payable
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A Payment to an Employee in Settlement of Salaries Payable

Question 5

Question 5

True/False

A payment to an employee in settlement of salaries payable decreases an asset and decreases stockholders' equity.

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