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When a company who uses the cash basis of accounting pays employees for wages earned,...

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Accounting

When a company who uses the cash basis of accounting pays employees for wages earned, which of the following occurs?

a) decrease in assets and decrease in liabilities

b) decrease in liabilities and increase in stockholders' equity

c) decrease in assets and decrease in stockholders' equity

d) increase in assets and increase in stockholders' equity

e) increase in liabilities and decrease in stockholders' equity

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