ash paid to employees in Year 2?

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter2: Basic Accounting Systems: Cash Basis
Section: Chapter Questions
Problem 2.12E: Net income and dividends The income statement of a corporation for the month of February indicates a...
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LAC, Inc. began operations in Year 1. The following information is provided at the end of each year: 

 

Year 1

Year 2

 

Salaries expense

$

150,000

 

$

180,000

 

Salaries payable

 

20,000

 

 

40,000

 

                 

 

What would be LAC's cash paid to employees in Year 2?


 

Select one:
a. $150,000
b. $130,000
c. $180,000
d. $160,000
e. $170,000
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