Which of the following choices accurately reflects how the recording of accrued salary expense affects the financial statements of a business? Assets=Liab.+EquityRev.?Exp.=Net Inc.Stmt ofCash FlowsA.NA=++???+=NANAB.NA=NA++?NA?NA=NANAC.NA=++?NA?+=?NAD.+=++NANA?+=?-OA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: C
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