The ________ reﬂects all unpaid payroll liabilities at any point in the ﬁnancial period.
A) Income statement
B) Statement of Owners' Equity
C) Payroll register
D) Balance sheet

Question

Quizplus · Accepted Answer

The balance sheet reflects all unpaid payroll liabilities, along with other liabilities and assets, at any point in the financial period. The income statement shows revenues and expenses during a specific period of time, the statement of owner's equity shows changes in the owner's equity account, and the payroll register is a detailed record of all payroll transactions.

The ________ Reﬂects All Unpaid Payroll Liabilities at Any Point