Blockchain Company reported income tax expense on their income statement of $256,000. Additional information reported on their balance sheet includes the following: Beginning income taxes payable balance of $30,600, Ending income taxes payable balance of $26,200, Wages payable decreased $10,600. Rent payable increased by $1,000. 

Calculate how much cash was paid for taxes?

Answer rating: 100% (QA)

To calculate how much cash was paid for taxes we can use the changes in income taxe... View the full answer