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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Definitions:

Appendicitis

Inflammation of the appendix.

Surgical Removal

The process of excising or taking out an organ, tissue, or other body part during surgery, often to treat disease or injury.

Digestive Process

The complex series of physical and chemical changes that food undergoes from ingestion to absorption into the bloodstream.

Inflammation

A biological response to injury or infection, characterized by swelling, redness, pain, and sometimes loss of function.