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    Survey of Accounting Study Set 8
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    Exam 2: Accounting for Accruals and Deferrals
  5. Question
    Amber Company Recognized Accrued Salary Expense
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Amber Company Recognized Accrued Salary Expense

Question 3

Question 3

Multiple Choice

Amber Company recognized accrued salary expense. Which of the following financial statements are affected by this accounting event?


A) Statement of cash flows
B) Income statement
C) Balance sheet
D) Income statement and the balance sheet

Correct Answer:

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