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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Home » Business » 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.