Multiple Choice
During the current year,a company paid $4,500 which it owed from its prior year income tax liability and $30,000 for its current year tax liability.The company still owes $6,000 at the end of the current year.How much should the company report as cash paid for income taxes on its statement of cash flows for the current year?
A) $34,500
B) $40,500
C) $30,000
D) $3,500
Correct Answer:

Verified
Correct Answer:
Verified
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