On December 31, 2024, THRONE Company reported net income of $90,000 and salary expense of $110,000. The company also reported beginning and ending salary payable of $10,000 and $15,000, respectively. THRONE will report payments to employees in its 2024 statement of cash flows (direct method) in the amount of: O $105,000 O $195,000 O $110,000 O $115,000

On December 31, 2024, THRONE Company reported net income of $90,000 and salary expense of $110,000. The company also reported beginning and ending salary payable of $10,000 and $15,000, respectively. THRONE will report payments to employees in its 2024 statement of cash flows (direct method) in the amount of: O $105,000 O $195,000 O $110,000 O $115,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Question

On December 31, 2024, THRONE Company reported net income of $90,000 and salary
expense of $110,000. The company also reported beginning and ending salary payable of
$10,000 and $15,000, respectively. THRONE will report payments to employees in its 2024
statement of cash flows (direct method) in the amount of:
O $105,000
O $195,000
O $110,000
O $115,000

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