During the Year, Salaries Payable Decreased by $12,000

question 6

Multiple Choice

During the year, Salaries Payable decreased by $12,000. Using the direct method of reporting cash flows from operating activities, if Salary Expense amounted to $400,000 for the year, the cash paid to employees (including deductions from gross pay) is

• A) $412,000.
• B) $388,000.
• C) $400,000.
• D) $404,000.

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Definitions:

Shoes

Footwear items designed to protect and comfort the human foot while also providing fashion and style.

Damages

Compensation or monetary awards given to a party in a lawsuit for losses or injuries suffered as a result of another party's actions or negligence.

Negligence Per Se

Negligence per se is a doctrine in tort law where an act is considered negligent because it violates a statute or regulation.

Shoes

Footwear designed to protect, support, and comfort the human foot while offering various styles and designs for different activities.