Murray Incorporated, a calendar year, accrual basis corporation, accrued $946,000 salary and wage expense at...
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Murray Incorporated, a calendar year, accrual basis corporation, accrued $946,000 salary and wage expense at the end of 2023. Murray paid the entire amount of the accrued liability on January 13, 2024. Murray can deduct the entire $946,000 accrued expense in 2023
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