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Use the Following Information to Calculate Cash Paid for Income

Question 139

Multiple Choice

Use the following information to calculate cash paid for income taxes: Income tax expense $50,000
Income tax payable, January 1 9,000
Income tax payable, December 31 7,000


A) $57,000.
B) $50,000.
C) $59,000.
D) $52,000.
E) $48,000.

Correct Answer:

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