Beginning Salaries Payable − Ending Salaries Payable + Salaries Expense is equal to___

Cash paid to suppliers

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Cash receipts from customers

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Cash payments to employees

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None of these

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Solution

The correct option is C
Cash payments to employees

Beginning salaries payable − Ending salaries payable + Salaries expense = Cash payments to employees

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What is the cash flow from operating activities under direct method using the following information:

$\begin{matrix} December 31 & 2011 & 2010 Accounts Receivable & $ 34, 130 & $ 28, 410 Prepaid Rent & 20, 000 & 25, 000 Prepaid Insurance & 6, 800 & 6, 000 Inventory & 23, 030 & 15, 450 Accounts Payable & 14, 590 & 31, 300 Salaries Payable & 8, 310 & 5.120 Interest Payable & 700 & 360 Income Tax Payable & 2, 340 & 0 Year Ended December 31 & 2011 Net Sales & 64, 970 Salaries Expense & 8, 610 Rent Expense & 5, 000 Insurance Expense & 3, 200 Interest Expense & 1, 650 \end{matrix}$

Q. Salary payable to the managing director of the company is treated as _________.

Purchases + Ending Inventory − Beginning Inventory + Beginning Accounts Payable − Ending Accounts Payable is equal to ___

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Beginning Salaries Payable − Ending Salaries Payable + Salaries Expense is equal to___

The correct option is C Cash payments to employees Beginning salaries payable − Ending salaries payable + Salaries expense = Cash payments to employees

The correct option is C
Cash payments to employees

Beginning salaries payable − Ending salaries payable + Salaries expense = Cash payments to employees