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:

Sp Hybridized

Describes an atom (usually carbon) with two sp hybrid orbitals formed from the mixing of one s and one p orbital, resulting in linear geometry.

CCC Bond Angle

The angle formed between two carbon-hydrogen bonds and a carbon-carbon bond within a molecule, typically around 109.5 degrees in sp3 hybridized carbon atoms.

Coplanar Atoms

Atoms that are in the same molecular plane, contributing to the overall geometry of a molecule.

1-Ethylcyclopentene

A cyclopentene molecule with an ethyl group attached, making it an organic compound in the class of cycloalkenes.