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    Financial Accounting Study Set 1
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    Exam 10: Liabilities
  5. Question
    The Journal Entry to Record Employer Payroll Taxes Affects
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The Journal Entry to Record Employer Payroll Taxes Affects

Question 62

Question 62

Multiple Choice

The journal entry to record employer payroll taxes affects:


A) assets only.
B) liabilities only.
C) liabilities and stockholders' equity.
D) assets and liabilities.

Correct Answer:

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