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The income statement for Year 2 of Winter Co. reported wages expense of $160,000. At December 31, Year 1, the balance sheet showed a balance
The income statement for Year 2 of Winter Co. reported wages expense of $160,000. At December 31, Year 1, the balance sheet showed a balance in Wages Payable of $16,000. At December 31, Year 2, the balance sheet showed a balance in Wages Payable of $22,000. What amount of cash was paid for wages during the year? Multiple Choice
$176,000
$166,000
$154,000
$144,000
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