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A company reported annual wages expense of $522,000 and insurance expense of 563.000. During the year, wages payable decreased from an $27,000 beginning balance to
A company reported annual wages expense of $522,000 and insurance expense of 563.000. During the year, wages payable decreased from an $27,000 beginning balance to a $19.800 ending balance, and prepaid insurance decreased from a $135.000 beginning balance to a 581,000 ending balance How much cash was paid to employees as wages and paid for insurance during the year? Select one: None of these are correct b. $529,200 for wages and $9,000 for insurance C. 5522,000 for wages and 563.000 for insurance d. 5529,200 for wages and 5117,000 for insurance e. 5514,800 for wages and 59,000 for insurance A firm sold property, plant, and equipment for cash proceeds of 56.300. The equipment originally cost $12.240. The company recorded a loss on sale of $3.780. The company uses the indirect method to prepare its statement of cash flows Which of the following amounts would be included in cash from operations and cash from investing respectively Select one 50 and 56 300 b. None of these are correct c. $6,300 and $3,780 d. $3.780 and 50 e. 53,780 and 56 300
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