The Financial Statements of Gregg Co

question 37

Multiple Choice

The financial statements of Gregg Co.reported wages expense of $160,000 during Year 2,wages payable of $16,000 at the end of Year 1,and wages payable of $22,000 at the end of Year 2.What amount of cash was paid for wages during Year 2?

• A)$176,000
• B)$160,000
• C)$154,000
• D)$144,000

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