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Use the following information to calculate cash paid for income taxes: Income tax expense $ 58,000 Income tax payable, January 1 13,600 Income tax payable,
Use the following information to calculate cash paid for income taxes:
| Income tax expense | $ | 58,000 |
| Income tax payable, January 1 | 13,600 | |
| Income tax payable, December 31 | 16,200 |
a)$74,200
b)$55,400.
c)$71,600.
d)$58,000.
e)$28,200.
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Financial Management Principles and Application
Authors: Arthur J. Keown, J. William Petty, David F. Scott, Jr.
10th edition
536514119, 536514110, 978-0536514110
