A Company Reported the Following Information How Much Cash Was Paid for Salaries During 2014?
A)$60,000

question 36

Multiple Choice

A company reported the following information: $\begin{array}{ll} \text {Salaries payable, December 31,2014 } &\$ 20,000 \\ \text { Salaries payable, December 31, 2013 } &15,000 \\ \text { Salaries expense for 2014 } &80,000\end{array}$ How much cash was paid for salaries during 2014?

• A)$60,000
• B)$65,000
• C)$75,000
• D)$85,000