Multiple Choice
An extract from the trial balance of RRR Pty Ltd as at 30 June 2018 shows: Income tax expense $20,000
If the income tax provided for at the end 2017 was $12,000 and taxation is paid in arrears in a lump sum, what amount will appear in the statement of cash flows for taxation paid by RRR Pty Ltd for the year ended 30 June 2018?
A) $20,000.
B) $12,000.
C) $16,000.
D) Nil.
Correct Answer:

Verified
Correct Answer:
Verified
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