Analyzing changes in salaries payable. AMR, the parent company of American Airlines, reported a balance in salaries
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Analyzing changes in salaries payable. AMR, the parent company of American Airlines, reported a balance in salaries payable of $721 million at the beginning of Year 12 and $705 million at the end of Year 12. Its income statement reported salary expense of $8,392 million for Year 12. Compute the amount of cash paid to employees for salaries during Year 12.
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Related Book For 
Financial Accounting Introduction To Concepts Methods And Uses
ISBN: 9780324222975
11th Edition
Authors: Clyde P. Stickney, Roman L. Weil
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