The financial statements of Gregg Co. reported wages expense of $160,000 during Year 2, wages payable of $16,000 at the end of Year 1, and wages payable of $22,000 at the end of Year 2. What amount of cash was paid for wages during Year 2?
A. $154,000
B. $176,000
C. $144,000
D. $160,000
Answer: A
Business
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