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A firm reported salary expense of $241,000 for the current year. The beginning and ending balances in salaries payable were $36,000 and $11,000, respectively. What

A firm reported salary expense of $241,000 for the current year. The beginning and ending balances in salaries payable were $36,000 and $11,000, respectively. What was the amount of cash paid for salaries?

Multiple Choice

  • $241,000.

  • $266,000.

  • $288,000.

  • $216,000.

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