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What amount the company would report as labour expense

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Problem 1: Duke Ltd. had no outstanding current liabilities at the start of year 2007. During the year, the company paid out in cash $300,000 for direct labour. At the end of the year the company still owed a $25,000 performance bonus to one employee. The amount the company would report as labour expense for 2007 is

Select one:

a. $302,000
b. none of the listed answers are correct
c. $325,000
d. $275,000
e. $300,000

Reference no: EM132810111

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