Marathon, Inc. showed Salaries and Wages Expense of $244,000 on its income statement. If the Salaries and Wages Payable account was $27,000 at the beginning of the year and $18,500 at the end of the year, how much cash was paid to employees?
A. $225,500
B. $217,000
C. $235,500
D. $252,500
Answer: D
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How is Accumulated Depletion disclosed in the financial statements?
A) Contra-asset account B) Expense account C) Contra-liability account D) Contra-revenue account
Which of the following is characteristic of distribution during the growth stage of the product
life cycle? A) Distribution intensifies from selective to intensive. B) Distribution is mostly selective, with the exception of exclusive distribution for luxury goods. C) Main channels are retained, while alternate channels are dropped. D) Distribution is at its most intense.
Community property does not include a ring owned by the wife prior to the marriage
a. True b. False Indicate whether the statement is true or false