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Jaria Norris
on Dec 16, 2024

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During the year, Salaries Payable decreased by $9,000.If Salary Expense was $155,000 for the year, the cash paid to employees was

A) $173,000.
B) $164,000.
C) $155,000.
D) $146,000.

Salaries Payable

An account that records the amounts owed to employees for work performed but not yet paid.

Salary Expense

Salary expense is the cost incurred by a business to compensate its employees, including wages, salaries, and other forms of compensation.

Cash Paid

The total amount of cash disbursed by a company for various purposes, including operating expenses, investing activities, and financing activities.

  • Learn how to calculate cash paid to employees considering changes in Salaries Payable and Salary Expense.
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Baylee LundgrenDec 17, 2024
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