A firm reported salary expense of $400,000 for the current year. The beginning and ending balances in

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A firm reported salary expense of $400,000 for the current year. The beginning and ending balances in salaries payable were $50,000 and $10,000, respectively. What was the amount of cash paid for salaries?

A.$340,000.

B.$360,000.

C.$440,000.

D.$460,000.

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Core Concepts of Accounting

ISBN: 978-0470499474

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Authors: Cecily A. Raiborn

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Posted Date: Aug 03, 2018 01:20 AM

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A firm reported salary expense of $400,000 for the current year. The beginning and ending balances in

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