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Danielsen,Inc Had Salaries Payable of $50,000 as of January 1

Question 65

Multiple Choice

Danielsen,Inc had salaries payable of $50,000 as of January 1 and $30,000 as of December 31.During the year,Danielsen showed $750,000 in salaries expense on the income statement.Cash outflows for salaries for the year were ________.


A) $730,000
B) $750,000
C) $770,000
D) $800,000

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