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Sneed Corporation reported balances in the following accounts for the current year: Beginning Ending Income tax payable $ 56 $ 36 Deferred tax liability 78
Sneed Corporation reported balances in the following accounts for the current year:
| Beginning | Ending | |||||
| Income tax payable | $ | 56 | $ | 36 | ||
| Deferred tax liability | 78 | 145 | ||||
Income tax expense was $237 for the year. What was the amount paid for taxes?
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Auditing The Master A Tax Collector Report
Authors: B. Cobbey Crisler
1st Edition
1912297108, 978-1912297108
