Business, 19.11.2019 21:31 hiiliohi9433
During 2018, 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 2019. what is the amount of the deduction for salary expense?
a. if silver uses the accrual method, $195,000 in 2018 and $0 in 2019.
b. if silver uses the accrual method, $175,000 in 2018 and $20,000 in 2019.
c. if silver uses the cash method, $175,000 in 2018 and $0 in 2019.
d. if silver uses the cash method, $0 in 2018 and $195,000 in 2019.
e. none of these choices are correct.
Answers: 1
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During 2018, the first year of operations, silver, inc., pays salaries of $175,000. at the end of th...
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