Question
Pronghorn Corporation reported income taxes of $410,700,000 on its 2025 income statement. Its balance sheet reported income taxes payable of $307,470,000 at December 31,
Pronghorn Corporation reported income taxes of $410,700,000 on its 2025 income statement. Its balance sheet reported income taxes payable of $307,470,000 at December 31, 2024, and $586,080,000 at December 31, 2025. What amount of cash payments were made for income taxes during 2025?
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
8th Edition
1119791057, 978-1119791058
