Question

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 of

Answer 1

The answer is: 532.000

Step-by-step explanation:

To get this number you must sum the total of expenditures related with the question of the General Fund in this case salaries and wages paid in the year of $550.000 and add the part that was accrued but unpaid and remains as wages payable of $12.000

(550.000+12.000) = 562.000 Hope it helps