Multiple Choice
Spa Company uses the direct method in determining net cash provided by operating activities. The income statement shows income tax expense $85000. Income taxes payable were $35000 at the beginning of the year and $20000 at the end of the year. Cash payments for income taxes are
A) $70000.
B) $85000.
C) $100000.
D) $140000.
Correct Answer:
Verified
Correct Answer:
Verified
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