Use the following information for questions 93 and 94.
Operating income and tax rates for C.J. Company's first three years of operations were as
follows: 
-Assuming that C.J. Company opts to carryback its 2015 NOL, what is the amount of income taxes payable at December 31, 2016?
A) $204,000
B) $504,000
C) $369,000
D) $324,000
Correct Answer:
Verified
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