Problema firm reported salary expense of 232000 for the, Ask an Expert

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Problem:

A firm reported salary expense of $232,000 for the current year. The beginning and ending balances in salaries payable were $42,000 and $10,000, respectively.

Required:

Question 1: What was the amount of cash paid for salaries?

Note: Please show how to work it out.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91163618

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