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What mountain would report on its income statement

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Question - During 2018, Mountain Airlines paid salary expense of $41 .2 million. At December 31, 2018, Mountain accrued salary expense of $2.7 million. Mountain then paid $3.0 million to its employees on January 3, 2019, the company's next payday after the end of the 2018 year. For this sequence of transactions, show what Mountain would report on its 2018 income statement and on its balance sheet at the end of 2018. Complete the table to show what Mountain would report on its 2018 income statement.

Reference no: EM133126957

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