Cornwall Co reported a wage expense of $250,000 during 2014.Wages payable on January 1, 2014, were $5,000 and on December 31st were $7,500.If Cornwall prepares their cash flow statement using the direct method, what was their cash expenditure on wages for the year when calculating their cash flow from operations?

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The Answer of Cornwall Co reported a wage expense of $250,000 during 2014.Wages payable on January 1, 2014, were $5,000 and on December 31st were $7,500.If Cornwall prepares their cash flow statement using the direct method, what was their cash expenditure on wages for the year when calculating their cash flow from operations?

Cornwall Co Reported a Wage Expense of $250,000 During 2014