During the Year, Salaries and Wages Payable Decreased by $5,000

question 45

Multiple Choice

During the year, Salaries and Wages Payable decreased by $5,000. If Salaries and Wages Expense amounted to $174,000 for the year, the cash paid to employees (including deductions from gross pay) is

• A) $179,000.
• B) $174,000.
• C) $169,000.
• D) $184,000.

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Definitions:

Conversion

In law, the unauthorized act of possessing or controlling personal property belonging to another, effectively converting it to one's own use.

Nuisance

An act, condition, or thing that interferes with the use or enjoyment of property or may be harmful or annoying to others.

Duress

A situation where a person is forced to act against their will or make a decision under pressure or threat, impacting the voluntariness of their actions.

Cause Of Action

A legal basis or ground upon which a plaintiff initiates a lawsuit against a defendant.