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

b. Overstate operating income

Explanation:

According to my research on business financing terms, I can say that based on the information provided within the question the impact of this would be an overstated operating income. This refers to a balance that is documented as having more money than it actually has. This would be the case since the payroll payments have not yet been subtracted.

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answer; i believe both technician (a) and (b) are correct; /// good luck

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported