Anderson Corporation Reports a Decrease in Salaries Payable of $5,000

question 95

Multiple Choice

Anderson Corporation reports a decrease in Salaries Payable of $5,000. If Salaries Expense totaled $187,000 for the year, the cash paid to employees is:

• A) $192,000.
• B) $187,000.
• C) $182,000.
• D) $177,000.

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Definitions:

New York City

A major metropolitan area in the United States known for its significant cultural, financial, and media influence globally.

Exclusionist Culture

A societal model that systematically denies certain groups access to rights, resources, and opportunities.

Free Blacks

African Americans who were not enslaved and lived freely during the periods of slavery in the United States, some of whom owned property and even slaves.

Antebellum Period

The time period in the United States before the Civil War, noted for its growing divisions over slavery.