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  3. a company has the following accrual-basis balances

A company has the following accrual-basis balances at the end of its first year of...

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Accounting

A company has the following accrual-basis balances at the end of its first year of operation:

1. DTL - Depreciation $14,000

2. Tax Payable $9,000

3. Tax Expense $43,000

Calculate the company's cash basis tax expense (AKA cash paid for taxes)

Please explain the process! Thank you.

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