wages during December.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Under accrual accounting, what circumstances would likely prompt a year-end adjustment? Select all that apply.

-Employees worked during December but were not paid until early January.

-Employees were given a raise in wages during December.

-In November a customer paid in advance for six months of insurance.

-On October 1 the firm paid in advance for supplies that arrived in December.

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