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Question

resource from Cengage Learning-Google Chrome Im/takeAssignment/takeAssignmentMain.do?takeAssignmentSessionlocator-assignment-take ment: M3-Graded Problems ns 6-17 eBook Exercise 6-17 Derive Wages anaSalaries Expense from Data in the Statement of Cash Flows Yoshi Group reported in its reconciliation of net income to cash flow from operations a decrease in wages and salaries payable of ¥21 that cash payments for wages and salaries to employees for the year were Y8,853 million Compute the amount of Yoshi Group's wages and salaries expense for the year million

Explanation / Answer

Answer is 8832m Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Decrease in wages and salaries payable          21,000,000.00 Cash paid for wages and salaries    8,853,000,000.00 Wages and salaries expense = 8853m - 21m    8,832,000,000.00 Since Liability of salaries and wages payable has decreased it means company has paid more during the year than expensed.

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