Metallic Paints reported wage and salary expenses of 77,500 on its 2020 income statement. It reported cash
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Metallic Paints reported wage and salary expenses of £77,500 on its 2020 income statement. It reported cash paid to employees of £68,000 on its statement of cash flows. The beginning balance of accrued wages and salaries payable was £4,000. What was the ending balance in accrued wages and salaries payable? Ignore payroll taxes.
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Related Book For
Introduction To Management Accounting
ISBN: 9781292412566
17th Edition, Global Edition
Authors: Charles Horngren, Gary L Sundem, Dave Burgstahler
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