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donald1255
13.12.2019 •
Business
Schneider inc. had salaries payable of $61,600 and $90,000 at the end of 2017 and 2018, respectively. during 2018, schneider recorded $621,400 in salaries expense in its income statement. cash outflows for salaries in 2018 were:
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Ответ:
$593,000
Explanation:
Given data for Schneider Inc.
Salaries payable at the beginning of 2018 (end of 2017) = $61,600
Salary expense during the year (2018) = $621,400
Salary payable at end of year (2018) = $90,000
Salaries paid = ?
Let the salaries paid = S
Using the formula
Salaries payable at the beginning of 2018 + Salary expense during the year - Salaries paid = Salary payable at end of year
$61,600 + $621,400 - S = $90,000
S = $61,600 + $621,400 - $90,000
S = $593,000
Cash outflows for salaries in 2018 were $593,000.
Ответ:
what lol