Question
Finn Company reported Salary/Wage Expense of $500,000, Pension Expense of $75,000, and the following related balance sheet accounts: Current Liabilities Salaries Payable: Ending 25,950
Finn Company reported Salary/Wage Expense of $500,000, Pension Expense of $75,000, and the following related balance sheet accounts: Current Liabilities Salaries Payable: Ending 25,950 Noncurrent Liabilities Pension Obligation: 291,200 Beginning 32,000 257,800 Finn company also recorded pension-related transactions that resulted in a 26,400 credit to OCI. What was Finny company's cash paid to employees?
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
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