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

Question

Quizplus · Accepted Answer

Salaries paid with cash are recorded as an expense on the income statement and as a cash outflow on the statement of cash flows.

Salaries Paid with Cash Appear on Which of the Following