The Amounts in the Salaries Payable Account for Ammonia Company

question 61

Multiple Choice

The amounts in the Salaries Payable account for Ammonia Company were $14,500 and $16,000 on December 31,2016,and December 31,2017,respectively.Cash paid to employees for the years ended December 31,2016,and December 31,2017,were $255,000 and $280,000,respectively.Ammonia Company's Salary Expense for the year ended December 31,2017,was:

• A) $253,500
• B) $281,500
• C) $278,500
• D) $256,500

---

Definitions:

Direct Investment

An investment in the form of a controlling ownership in a business in one country by an entity based in another country, typically by buying the company or establishing new operations.

Global Market

The international exchange of goods, services, and capital, encompassing the full extent of activities and operations across countries.

Direct Investment

A form of investment where a company or individual acquires a controlling interest in a foreign business entity, often by purchasing its assets or shares.

Car-Manufacturing Facilities

Factories or plants where automobiles are produced, involving assembly lines and complex machinery.