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Jack Cleason Consulting reported income tax expense of $38,000 on the income statement. There has also been a decrease in the income taxes payable account
Jack Cleason Consulting reported income tax expense of $38,000 on the income statement. There has also been a decrease in the income taxes payable account in the amount of $4,000 when compared to prior year. Cash payments for income taxes were therefore
a) $38,000
b) $4,000
c) $42,000
d) $34,000.
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