Use the following information to calculate cash paid for salaries: Salaries expense $ 189,000 Salaries payable, January 1 34,000 Salaries payable, December 31 19,000 Answer: A. $155,000. B. $204,000. C. $174,000. D. $189,000. E. $136,000.
Use the following information to calculate cash paid for salaries: Salaries expense $ 189,000 Salaries payable, January 1 34,000 Salaries payable, December 31 19,000 Answer: A. $155,000. B. $204,000. C. $174,000. D. $189,000. E. $136,000.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 13MCQ
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Question
Use the following information to calculate cash paid for salaries:
Salaries expense | $ 189,000 |
---|---|
Salaries payable, January 1 | 34,000 |
Salaries payable, December 31 | 19,000 |
Answer:
A. $155,000.
B. $204,000.
C. $174,000.
D. $189,000.
E. $136,000.
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