Blue Spruce Corporation shows income tax expense of $329400. There has been a $36600 decrease...
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Accounting
Blue Spruce Corporation shows income tax expense of $329400. There has been a $36600 decrease in federal income taxes payable and a $51200 increase in state income taxes payable during the year. Using the direct method of reporting cash flows from operating activities, what was Blue Spruce's cash payment for income taxes?
$329400.
$314800.
$241600.
$417200.
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