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The Changes in Tench Company's Balance Sheet Account Balances for Last

Question 23

Multiple Choice

The changes in Tench Company's balance sheet account balances for last year appear below: The changes in Tench Company's balance sheet account balances for last year appear below: The company's income statement for the year appears below: The company declared and paid $70,000 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) $73,000 B) $64,000 C) $63,000 D) $62,000 The company's income statement for the year appears below: The changes in Tench Company's balance sheet account balances for last year appear below: The company's income statement for the year appears below: The company declared and paid $70,000 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) $73,000 B) $64,000 C) $63,000 D) $62,000 The company declared and paid $70,000 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) $73,000
B) $64,000
C) $63,000
D) $62,000

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