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Question
Selected information from Jet Companys 2013 financial statements is shown below
(in millions):
Inventory decreased $6.0 Accounts payable increased by $7.0
Cost of goods sold $36.50 Salaries expense $24.0
Salaries payable decreased $6.0 Accounts receivable increased by $10.0
Sales $56.4
What is the amount of cash paid for salaries by Jet during 2013?
A. $4.0
B. $6.0
C. $24.0
D. $30.0
E. $18.0
Answer
This answer is hidden. It contains 58 characters.
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