During 2018, the first year of operations, silver, inc., pays salaries of $175,000. at the end of the year, employees have earned salaries of $20,000, which are not paid by silver until early in 2019. what is the amount of the deduction for salary expense?

a. if silver uses the accrual method, $195,000 in 2018 and $0 in 2019.

b. if silver uses the accrual method, $175,000 in 2018 and $20,000 in 2019.

c. if silver uses the cash method, $175,000 in 2018 and $0 in 2019.

d. if silver uses the cash method, $0 in 2018 and $195,000 in 2019.

e. none of these choices are correct.

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Cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely: cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely: