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9 May, 23:33

It is the end of the year but not the end of the pay period. How will this affect the balance sheet?

Question 10 options:

Assets will be increased.

This has no effect on the period-end balance sheet.

Liabilities will be increased.

Owner's equity will be increased.

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Answers (1)
  1. 10 May, 00:10
    0
    its liabilities will be increased because i took the test and the other 3 options were wrong.
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