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A company paid $ 1 0 , 0 0 0 cash for income taxes. Of this amount, $ 4 , 0 0 0 was for
A company paid $ cash for income taxes. Of this amount, $ was for income taxes for last year and $ was for income taxes for this year. At the end of last year, an appropriate adjusting entry was made to record the $ in income taxes outstanding as of the end of the year. Which ONE of the following would be included in the journal entry necessary to record this cash payment of income taxes this year?
DEBIT to Income Taxes Payable for $
CREDIT to Income Taxes Payable for $
DEBIT to Cash for $
CREDIT to Income Tax Expense for $
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