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Business, 06.11.2019 22:31 Benysod402

The current pay period ends on friday, january 2, yet the company's fiscal year-end is on wednesday, december 31. if the company does not make the proper adjusting entry to accrue payroll expenses at year-end, what would be the impact?
a. understate assets
b. overstate operating income
c. understate stockholders' equity
d. overstate liabilities

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