A Company Reported the Following Amounts of Wages Payable at the Beginning

question 44

Multiple Choice

A company reported the following amounts of wages payable at the beginning and the end of the year 2010:
Wages payable, January 1, 2010 $750
Wages payable, December 31, 2010 $2,500
The income statement for 2010 reported Wages Expense of $56,200. How much cash was paid for wages during 2010?

• A) $52,950
• B) $56,200
• C) $54,450
• D) $53,700

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Definitions:

Molecular Ions

Ions composed of more than one atom, formed when a molecule gains or loses electrons.

Molecular Ion Peak

The peak in a mass spectrum that corresponds to the mass of the intact molecule, often used for molecular weight determination.

Boron Isotopes

Variants of the element boron, differing in the number of neutrons in the nucleus and having distinct nuclear properties.

Trimethylborate

A chemical compound with the formula B(OCH3)3, used as a reagent in organic synthesis and as a flame retardant.