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Business, 15.07.2019 12:00 thanks5640

Falcon, inc., paid salaries of $500,000 to its employees during its first year of operations. at the end of the year, falcon had additional unpaid salaries of $45,000. a. calculate the salary deduction if falcon is a cash basis taxpayer. $ b. calculate the salary deduction if falcon is an accrual basis taxpayer.

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