Backpacker World reports income tax expense of $280,000. Income taxes payable at the beginning and...
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Accounting
Backpacker World reports income tax expense of $280,000. Income taxes payable at the beginning and end of the year are $57,000 and $69,000, respectively. What is the cash paid for income taxes during the year? (Amounts to be deducted should be indicated with a minus sign.)
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