Mandaue reimbursed the following expense liquidation of its managerial employee: Purchase of office supplies 20,000.00 Personal meals and groceries 15,000.00 Gasoline for transportation (1/2 for business) 8,000.00 Office electricity, water, and telephone bills 12,000.00 Compute the monetary value of fringe benefits O 55,000 35,000 19,000 23,000

Mandaue reimbursed the following expense liquidation of its managerial employee: Purchase of office supplies 20,000.00 Personal meals and groceries 15,000.00 Gasoline for transportation (1/2 for business) 8,000.00 Office electricity, water, and telephone bills 12,000.00 Compute the monetary value of fringe benefits O 55,000 35,000 19,000 23,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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