Cash outflows for salaries


Schneider Inc. had salaries payable of $60,000 and $90,000 at the end of 2010 and 2011, respectively. During 2011, Schneider recorded $620,000 in salaries expense in its income statement. Cash outflows for salaries in 2011 were:

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Accounting Basics: Cash outflows for salaries
Reference No:- TGS067592

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