PepsiAmericas, Inc. manufactures, distributes, and markets a broad array of beverages. In its 2008 annual report, the
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PepsiAmericas, Inc. manufactures, distributes, and markets a broad array of beverages. In its 2008 annual report, the company reported salaries and wages payable of \($71.3\) million at the end of 2008 and \($93.9\) million at the end of 2007. Assume that the company’s salaries and wages expense for 2008 was
\($1,736.2\) million.
Required Using the direct method, what amount would PepsiAmericas report as cash payments to costs on its 2008 statement of cash flows?
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