During 2018, the first year of operations, Silver, Inc., pays salaries of $175,000. At the...
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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 2020. What is the amount of the deduction for salary expenses? Group of answer choices If Silver uses the cash method, $0 in 2019 and $195,000 in 2020. If Silver uses the accrual method, $195,000 in 2019 and $0 in 2020. If Silver uses the accrual method, $175,000 in 2019 and $20,000 in 2020. None of these is correct. If Silver uses the cash method, $175,000 in 2018 and $0 in 2020.
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