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  3. income tax expense was $399,430 for the year. inco

Income tax expense was $399,430 for the year. Income tax payable was $29,547 and $45,329...

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Question

Accounting

Income tax expense was $399,430 for the year. Income tax payable was $29,547 and $45,329 at the beginning and end of the year. Determine cash payments for income tax reported on the cash flow statement using the direct method.

Select the correct answer.

$383,648

$474,306

$415,212

$399,430

Answer & Explanation Solved by verified expert
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