Salaries paid with cash appear on which of the following statement(s)?
A) Balance sheet
B) Income statement
C) Statement of changes in equity
D) Statement of cash flow.
E) Both an income statement and statement of cash flows

Question

Quizplus · Accepted Answer

Salaries paid with cash are an expense, so they appear on the income statement as they reduce the net income. They also appear on the statement of cash flows under operating activities because they represent a cash outflow.

Salaries Paid with Cash Appear on Which of the Following