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Navidad Company's Income Statement Included Income Tax Expense of $18,000

Question 72

Multiple Choice

Navidad Company's income statement included income tax expense of $18,000. Income tax payable at the beginning of the current year was $1,000. Income tax payable at the end of the current year was $4,000. Cash paid for taxes was:


A) $17,000
B) $22,000
C) $15,000
D) $21,000

Correct Answer:

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