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Hackett,Inc Had Property Tax Payable of $75,000 and $110,000 at the End

Question 41

Multiple Choice

Hackett,Inc had property tax payable of $75,000 and $110,000 at the end of 2016 and 2017 respectively.During 2017,Hackett recorded $750,000 in property tax expense on its income statement.Cash outflows for property tax during 2017 were ________.


A) $715,000
B) $750,000
C) $785,000
D) $640,000

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