The adjusting entry for wages earned but unpaid results in a(n) ________
A) increase in expenses and an increase in liabilities
B) increase in expenses and a decrease in liabilities
C) decrease in expenses and a decrease in liabilities
D) decrease in expenses and an increase in liabilities
A
Business
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When hard capital rationing exists, projects may be accurately evaluated by use of:
A) payback period. B) mutually exclusive IRRs. C) borrowing, rather than lending, projects. D) a profitability index.
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Which one of the following functions should be assigned to the corporate treasurer rather than to the controller?
A. Data processing B. Cost accounting C. Tax management D. Cash management E. Financial Accounting
Business