Martin Corporation shows income tax expense of $240,000 in 2019. There has been a $20,000 decrease in federal income taxes payable and a $28,000 increase in state income taxes payable during the year.
What was Martin's cash payment for income taxes?
A) $ 24,000
B) $232,000
C) $220,000
D) $248,000
Correct Answer:
Verified
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