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Multiple Choice Question Income taxes expense reported on the income statement was $2,500. The beginning balance in Income Taxes Payable was $1,000 and the ending

Multiple Choice Question Income taxes expense reported on the income statement was $2,500. The beginning balance in Income Taxes Payable was $1,000 and the ending balance was $1,500. Cash paid for taxes during the period is equal to: O $3,000 O $2,000 O $2,500 O $1,500

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