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Jack Cleason Consulting Reported Income Tax Expense of $ 38,000

Question 132

Multiple Choice

Jack Cleason Consulting reported income tax expense of $ 38,000 on the income statement. There has also been a decrease in the income taxes payable account in the amount of $ 4,000 when compared to prior year. Cash payments for income taxes were therefore


A) $ 38,000.
B) $ 4,000.
C) $ 34,000.
D) $ 42,000.

Correct Answer:

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