Janet has a company that pays all employees a salary on the first and the fifteenth of
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Question:
Janet has a company that pays all employees a salary on the first and the fifteenth of the month. Her normal payroll is $10,000 per pay period. On the last day of the month she would have shown
$20,000 as an operating expense under salaries on the income statement. | |||||||||||||||||
$10,000 as payroll payable on the balance sheet. | |||||||||||||||||
$20,000 as a cash flow from operating expenses on the statement of cash flows. | |||||||||||||||||
All of these. | |||||||||||||||||
2. The income statement shows earnings before taxes, which is equal to
| Not enough information is provided to answer this question.
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