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Schneider Inc. had salaries payable of $60,000 and $91,600 at the end of 2015 and 2016, respectively. During 2016, Schneider recorded $621,900 in salaries expense
Schneider Inc. had salaries payable of $60,000 and $91,600 at the end of 2015 and 2016, respectively. During 2016, Schneider recorded $621,900 in salaries expense in its income statement. Cash outflows for salaries in 2016 were:
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