Income tax was $361,437 for the year. The income tax payable was $31,000 and $41,788 at the

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Income tax was $361,437 for the year. The income tax payable was $31,000 and $41,788 at the beginning and end of the year. Cash payments for income tax reported on the statement of cash flows using the method are:

a. $361,437

b. $434,225

c. $372,225

d. $350,649

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-1285867977

14th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Jan 03, 2021 12:02 PM

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Income tax was $361,437 for the year. The income tax payable was $31,000 and $41,788 at the

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Fundamentals of Financial Management

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