Schneider Inc.had salaries payable of $60,000 and $90,000 at the end of 2015 and 2016,respectively.During 2016,Schneider recorded $620,000 in salaries expense in its income statement.Cash outflows for salaries in 2016 were:

Question

Quizplus · Accepted Answer

Salaries payable increased by $30,000 ($90,000 - $60,000), which means that Schneider paid $590,000 ($620,000 - $30,000) in cash for salaries during 2016. Therefore, the correct answer is choice A.