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Following are partial balance sheet data for CCR Ltd. as at December 31, 20x2 and 20x1, and the partial income statement for the year ended
Following are partial balance sheet data for CCR Ltd. as at December 31, 20x2 and 20x1, and the partial income statement for the year ended December 31, 20x2: Balance Sheets - 20x2 20x1 Cash $7,000 $4,000 Accounts payabl 40,000 35,000 Interest payable 2,000 4,000 Income taxes payable 5,000 4,000 Income Statements - Income tax expense 20x2 (9,000) Which of the following is the correct cash paid for income taxes? Select one: a. $ 9,000 b. $12,000 c. $ 8,000 d. $10,000
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