From the Income Statement and Balance Sheet information listed below, what amount of cash was paid for salaries and wages during 2016?

Question

Quizplus · Accepted Answer

To find the amount of cash paid for salaries and wages during 2016, we need to look at the Income Statement under the "Operating Expenses" section. The line item for "Salaries and Wages Expense" shows a total of $160,300. This means that the company paid $160,300 in cash for salaries and wages during 2016. Therefore, the correct answer is C.

From the Income Statement and Balance Sheet Information Listed Below