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Van Cleef Company's Comparative Balance Sheet and Income Statement for Last

Question 42

Multiple Choice

Van Cleef Company's comparative balance sheet and income statement for last year appear below: Van Cleef Company's comparative balance sheet and income statement for last year appear below: The company declared and paid $18,000 in cash dividends during the year. The company uses the direct method to determine the net cash provided by operating activities. -On the statement of cash flows, the income tax expense adjusted to a cash basis would be: A) $10,000 B) $33,000 C) $56,000 D) $22,000 Van Cleef Company's comparative balance sheet and income statement for last year appear below: The company declared and paid $18,000 in cash dividends during the year. The company uses the direct method to determine the net cash provided by operating activities. -On the statement of cash flows, the income tax expense adjusted to a cash basis would be: A) $10,000 B) $33,000 C) $56,000 D) $22,000 The company declared and paid $18,000 in cash dividends during the year. The company uses the direct method to determine the net cash provided by operating activities.
-On the statement of cash flows, the income tax expense adjusted to a cash basis would be:


A) $10,000
B) $33,000
C) $56,000
D) $22,000

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