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A Company Reported Salaries and Wages Payable of $750 at the Beginning

Question 96

Multiple Choice

A company reported Salaries and Wages Payable of $750 at the beginning of the year and $2,500 at the end of the year.The income statement for the year reported Salaries and Wages Expense of $56,200.How much cash was paid for salaries and wages during the year?


A) $52,950
B) $56,200
C) $54,450
D) $53,700

Correct Answer:

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