Question
Taylor Company had a salaries payable balance of $18,000 on December 31, 2014. During 2015, it paid $50,000 in cash as salaries, and recorded a
Taylor Company had a salaries payable balance of $18,000 on December 31, 2014. During 2015, it paid $50,000 in cash as salaries, and recorded a salary expense of $50,000. What is its December 31, 2015, salaries payable balance?
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$50,000
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$18,000
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$100,000
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Cannot be determined from the information provided
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Operational Auditing An Introduction With Suggested Answers To Discussion Questions
Authors: Darwin J. Casler
1st Edition
0894130978, 978-0894130977
