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What is the effect of the failure to accrue sales salaries

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Problem 1: On December 31, 20X1, Deal, Inc. failed to accrue the December 20X1 sales salaries that were payable on January 6, 20X2. What is the effect of the failure to accrue sales salaries on working capital and cash flows from operating activities in Deal's 20X1 financial statements?

A. Overstated working capital and no effect on cash flows from operating activites.

B. Overstated working capital and overstated cash flows from operating activites.

C. No effect on working capital and overstated cash flows from operating activites.

D. No effect on working capital and no effect on cash flows from operating activites.

Reference no: EM132718788

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