During 2014,the first year of operations,Silver,Inc. ,pays salaries of $175,000.At the end of the year,employees have earned salaries of $20,000,which are not paid by Silver until early in 2015.What is the amount of the deduction for salary expense?
A)If Silver uses the cash method,$175,000 in 2014 and $0 in 2015.
B)If Silver uses the cash method,$0 in 2014 and $195,000 in 2015.
C)If Silver uses the accrual method,$175,000 in 2014 and $20,000 in 2015.
D)If Silver uses the accrual method,$195,000 in 2014 and $0 in 2015.
E)None of the above is correct.

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The Answer of During 2014,the first year of operations,Silver,Inc. ,pays salaries of $175,000.At the end of the year,employees have earned salaries of $20,000,which are not paid by Silver until early in 2015.What is the amount of the deduction for salary expense?
A)If Silver uses the cash method,$175,000 in 2014 and $0 in 2015.
B)If Silver uses the cash method,$0 in 2014 and $195,000 in 2015.
C)If Silver uses the accrual method,$175,000 in 2014 and $20,000 in 2015.
D)If Silver uses the accrual method,$195,000 in 2014 and $0 in 2015.
E)None of the above is correct.

During 2014,the First Year of Operations,Silver,Inc