Hackett, Inc

Multiple Choice

Hackett, Inc. had property tax payable of $940,000 and $100,000 at the end of 2018 and 2019 respectively. During 2019, Hackett recorded $790,000 in property tax expense on its income statement. Cash outflows for property tax during 2019 were ________.

A) $1,630,000
B) $790,000
C) $50,000
D) $690,000