Falcon inc paid salaries of 500000 to its employees during, Ask an Expert

Accounting

Falcon, Inc., paid salaries of $500,000 to its employees during its first year of operations. At the end of the year, Falcon had unpaid salaries of $45,000.

a. Calculate the salary deduction if Falcon is a cash basis taxpayer

b. Calculate the salary deduction if Falcon is an accrual basis taxpayer

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91525251

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