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1. This question relates to the following presentation in the balance sheets of Asriel, Inc. at December 31, 2014 and 2013: Current liabilities: Accounts payable
1. This question relates to the following presentation in the balance sheets of Asriel, Inc. at December 31, 2014 and 2013: Current liabilities: Accounts payable Accrued wages payable. Accrued property taxes payable Accrued interest payable 12/31/14 12/31/13 S 18,400$ 16,750 4,430 2,000 0 3,800 2,200 1,800 ... .. a. If wages expense during 2014 totaled $137,600, how much cash was paid for wages? b. If property taxes paid during 2013 totaled $27,350, how much property tax expense was accrued during 2014? c. If the interest payable at 12/31/14 had not been accrued at that date, by how much and in what direction (too high or too low) would net income for 2014 have been misstated
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