On the cash flow statement, which of the following would equal cash paid for salaries?
A) Salaries Expense plus change in Salaries Payable
B) Salaries Payable plus change in cash
C) Salaries Expense plus beginning balance in salaries Payable
D) Salaries Expense plus ending balance in Salaries Payable

Question

Quizplus · Accepted Answer

Cash paid for salaries is calculated by taking the Salaries Expense and adjusting it for the change in Salaries Payable. This is done by adding the Salaries Expense to the change in Salaries Payable (beginning balance minus ending balance).

On the Cash Flow Statement, Which of the Following Would