Cash paid for income taxes during the year was $215,000.Income taxes payable increased by $18,000during the year,

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Cash paid for income taxes during the year was $215,000. Income taxes payable increased by $18,000 during the year, resulting in an ending balance of $53,000. How much was income tax expense for the year?

Select one:

a. $233,000

b. $197,000.

c. $215,000.

d. $268,000.

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Posted Date: Jan 13, 2024 01:36 PM

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Cash paid for income taxes during the year was $215,000.Income taxes payable increased by $18,000during the year,

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Intermediate Accounting

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