Business, 25.02.2020 23:28 bridneyfondren

Schneider Inc. had salaries payable of $60,000 and $90,000 at the end of Year1 and Year2, respectively. During Year2, Schneider recorded $620,000 in salaries expense in its income statement. Cash outflows for salaries in Year2 were:

a.
$590,000.

b.
$620,000.

c.
$650,000.

d.
$530,000.

Answers: 1

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Schneider Inc. had salaries payable of $60,000 and $90,000 at the end of Year1 and Year2, respective...

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