The regular biweekly salaries total $100,000. Assuming a five-day work week, Grant should record a liability at December 31, 2017 for accrued salaries of
A. $24,000.
B. $29,000.
C. $37,000.
D. $53,000.
Answer:C
The regular biweekly salaries total $100,000. Assuming a five-day work week, Grant should record a liability at December 31, 2017 for accrued salaries of
A. $24,000. B. $29,000. C. $37,000. D. $53,000.