The 2013 Income Statement of Gonzales Co

question 28

Multiple Choice

The 2013 income statement of Gonzales Co. reported wages expense of $320,000; the 2012 balance sheet showed a balance in wages payable of $32,000, while the 2013 balance sheet included wages payable of $44,000. What amount of cash was paid for wages in 2013?

• A)$352,000.
• B)$320,000.
• C)$288,000.
• D)$308,000.

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