Answered: A company reported salaries expense of…

A company reported salaries expense of $420 million for the year and paid $395 million in cash for salaries. What was the change in salaries payable during the year?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter22: Accounting For Changes And Errors.

Section: Chapter Questions

Problem 6RE: Suppose that Blake Companys total pretax difference from a change to FIFO was 100,000 and the...

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I want to correct answer general accounting question

A company reported salaries expense of $420 million
for the year and paid $395 million in cash for salaries.
What was the change in salaries payable during the
year?

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