Window World Company's income statement for the year ending December 31, 2024 included the following items:
Window World Company's income statement for the year ending December 31, 2024 included the following items:
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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Window World Company's income statement for the year ending December 31, 2024 included the following items:
| Interest revenue | $65,500 |
| Salaries expense | 85,000 |
| Cost of goods sold | 217,600 |
The following balances have been excerpted from the company's comparative balance sheets:
| 31-Dec-24 | 31-Dec-23 | ||
| Interest receivable | $9,100 | $7,500 | |
| Salaries payable | 8,900 | 4,200 | |
| Accounts payable | 12,700 | 10,900 | |
| Inventory | 36,100 | 32,500 |
The amount of cash paid by the companies for salaries in 2024 was
Select one:
$89,700.
$93,900.
$80,300.
$80,800.
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