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A Company Whose Fiscal Year Ends December 31, Has a Weekly

Question 164

Multiple Choice

A company whose fiscal year ends December 31, has a weekly payroll of $100,000. Employees work 5 days per week, Monday through Friday and payday is every Friday. How much wages expense will be recorded on the Friday, January 3 payday?


A) $0
B) $40,000
C) $60,000
D) $100,000

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