AML Company reported income tax expense of $250,000. Beginning income taxes payable was $30,000, while ending income

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AML Company reported income tax expense of $250,000. Beginning income taxes payable was $30,000, while ending income taxes payable was $25,000, and accounts payable decreased $10,000. How much cash was paid for taxes? A) $280,000. B) $255,000. C) $245,000. D) $265,000

Posted Date: May 18, 2024 08:15 AM

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AML Company reported income tax expense of $250,000. Beginning income taxes payable was $30,000, while ending income

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