Question

In its August 31, 2017 annual report, Davidson Corp. (Davidson) reported wages payable on August 31, 2016 of $87,500 and wages payable on August 31, 2017 of $112,500. Davidson's income statement reports wages expense of $1,173,000.

Required:
Calculate the amount of cash that Davidson paid in wages to employees in fiscal 2017.



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  • CreatedFebruary 26, 2015
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