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Intermediate Accounting: Reporting...
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Intermediate Accounting: Reporting...
Given the following information, convert Robin Company’s salaries expense from its income statement into payments to employees for its statement of cash flows.
Calculate the amount of cash paid for the employees (salaries expense).
Payments to employees: payments to employees are salaries paid to employee by employer. It is a fixed amount of money paid to the employee in return to work performed.
Calculate the amount of cash paid for the employees (salaries expense):
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