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A company reported wages expense of $450 million and cash paid for wages of $410 million. What was the change in wages payable for the period?

A company reported wages expense of $450 million and cash paid for wages of $410 million. What was the change in wages payable for the period?

Intermediate Accounting: Reporting And Analysis
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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A company reported wages expense of $450 million and cash paid for wages of $410 million. What was the change in wages payable for the period?
Transcribed Image Text:A company reported wages expense of $450 million and cash paid for wages of $410 million. What was the change in wages payable for the period?
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