Acct 517 exam 2 Study guides, Class notes & Summaries
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ACCT 517 - Exam 2 (Ch. 6-11)
- Exam (elaborations) • 92 pages • 2022
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ACCT 517 - Exam 2 (Ch. 6-11) Exercise 6-27 (Algorithmic) (LO. 2) 
Falcon, Inc., paid salaries of $707,200 to its employees during its first year of operations. At the end of the year, Falcon 
had additional unpaid salaries of $70,720. 
a. Calculate the salary deduction if Falcon is a cash basis taxpayer. 
$ 
b. Calculate the salary deduction if Falcon is an accrual basis taxpayer. 
$ 
1 
a. Calculate the salary deduction if Falcon is a cash basis taxpayer. 
$ 
2 
b. Calculate the salary deducti...
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