Depeche Mode Corporation reported income taxes of ($ 70,000) on its 1996 income statement and income taxes

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Depeche Mode Corporation reported income taxes of \(\$ 70,000\) on its 1996 income statement and income taxes payable of \(\$ 12,000\) at December 31,1995 , and \(\$ 9,000\) at December 31, 1996. What amount of cash payments were made for income taxes during 1996?

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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