Salary Payable at January 1,2017,was $53,420 and at December 31,2017,was

question 150

Multiple Choice

Salary payable at January 1,2017,was $53,420 and at December 31,2017,was $45,690.If the income statement reported salary expense of $319,640 for the year ended December 31,2017,the cash payments to employees during the same time period would be:

• A) $311,910
• B) $327,370
• C) $319,640
• D) $273,950

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Definitions:

Franchisors

Companies that grant licenses to third parties to conduct business under their trademark and business model.

Decision-making Power

The authority to make choices and decisions, typically within an organizational or managerial context, influencing the course of a business or project.

Control

The process of regulating and guiding operations and processes to ensure they meet objectives and perform efficiently and effectively.

Freedom

A state wherein individuals or entities are allowed to act, speak, or think without hindrance or restraint.