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The income statement for Brit, Inc. indicates that tax expense was $20,000. The balance sheet indicates that taxes payable for the same year increased by
The income statement for Brit, Inc. indicates that tax expense was $20,000. The balance sheet indicates that taxes payable for the same year increased by $5,000. What amount did Britt, Inc. actually pay in taxes during this year? A) $15,000 B) $25,000 C) $20,000 D) Cant be determined without the cash balance
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