During the Year, Salaries and Wages Payable Decreased by ¥60,000

question 151

Multiple Choice

During the year, Salaries and Wages Payable decreased by ¥60,000. If Salaries and Wages Expense amounted to ¥1,900,000 for the year, the cash paid to employees (including deductions from gross pay) is

• A) ¥1,960,000.
• B) ¥1,900,000.
• C) ¥1,840,000.
• D) ¥2,020,000.

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Definitions:

Exit Strategy

A plan developed by an investor, entrepreneur, or business owner to sell their stake in a company to realize their profits or minimize losses.

Venture Capital

Financing that is provided by investors to startup companies and small businesses with perceived long-term growth potential.

Buyback

A financial transaction in which a company repurchases its own shares from the marketplace, reducing the amount of outstanding stock.

Pre-money Valuation

The valuation of a company prior to investment or financing, which determines how much of the company an investor can purchase for a specific amount of money.