Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 5 - Balance Sheet and Statement of Cash Flows - Exercises - Page 282: E5-2(3)

Answer

3. (f)

Work Step by Step

Salaries and wages payable means that you owe the employees and workers their rewards for providing labor and is therefore classified as a current liability.
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