If wages expense is $350 000, wages accrued at the beginning of the period are $3600 and wages accrued at the end of the period are $5600 what amount for wages paid will appear in the statement of cash flows?

Question

Quizplus · Accepted Answer

To calculate the wages paid that will appear in the statement of cash flows, you start with the wages expense of $350,000, subtract the beginning accrued wages of $3,600 (since this was an expense accrued but not paid in cash at the start), and add the ending accrued wages of $5,600 (since this is an expense accrued at the end but not yet paid in cash). This results in $350,000 - $3,600 + $5,600 = $352,000. However, the correct calculation and explanation lead to option D, indicating a mistake in my initial response. The correct answer, based on the calculation provided, should indeed be D) $352,000.

If Wages Expense Is $350 000, Wages Accrued at the Beginning