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Title: Assume that General Fund employees accrued $125,000 of compensated absences liab Post by: goji.go on Oct 21, 2014 Assume that General Fund employees accrued $125,000 of compensated absences liability during the year. Compensated absences liability, which is considered to be a long-term liability, decreased $30,000 from the beginning of the year to the end of the year. The fund also actually paid $550,000 in salaries and wages during the year. At the end of the fiscal year, salaries and wages payable was $12,000. The General Fund would report salaries and wages expenditures for the year of
A. $532,000. B. $550,000. C. $562,000. D. $592,000. Title: Re: Assume that General Fund employees accrued $125,000 of compensated absences liab Post by: f_zah1 on Oct 22, 2014 Content hidden
Title: Re: Assume that General Fund employees accrued $125,000 of compensated absences liab Post by: goji.go on Oct 23, 2014 Thanks so much f_zah1.
You were correct :D Title: Re: Assume that General Fund employees accrued $125,000 of compensated absences liab Post by: f_zah1 on Oct 23, 2014 You're very welcome!
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