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Salary Expense on the Income Statement Was $264,780 for the Year

Question 13

Multiple Choice

Salary Expense on the income statement was $264,780 for the year ended December 31,2017.The Salary Payable account decreased $24,370 during the same period.The amount of cash payments to employees for the year ended December 31,2017,is:


A) $289,150
B) $264,780
C) $240,410
D) indeterminable from the information given

Correct Answer:

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