Salary Expense on the income statement was $264,780 for the year ended December 31, 2013. The Salary Payable account decreased $24,370 during the same period. The amount of cash payments to employees for the year ended December 31, 2013, is:
A) $289,150
B) $264,780
C) $240,410
D) indeterminable from the information given
Correct Answer:
Verified
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