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Business, 22.07.2020 18:01 prince8522

Kailua Corporation pays $1,000 cash for a previously accrued expense and accrues $250 for a new expense. What is the effect of these two recordings on Total Liabilities and Net Income, respectively: Select one:

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Kailua Corporation pays $1,000 cash for a previously accrued expense and accrues $250 for a new expe...
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