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Wages Expense in the Income Statement Is $58,250 with the Statement

Question 25

Multiple Choice

Wages expense in the income statement is $58,250 with the statement of financial position at the end of the year showing accrued wages of $2,000. If there were no accrued wages at the beginning of the period, how much was paid out in cash for wages during the year?


A) $54,250.
B) $56,250.
C) $2,000.
D) $58,250.

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