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24.) 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,
24.) 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.) 59,000
C.) 52,000
D.) $50,000
E.) $48,000
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