The income statement for Brit,Inc.indicates that tax expense was $20,000.The balance sheet indicates that taxes payable for the same year increased by $5,000.What amount did Brit,Inc.actually pay in taxes during this year?
A) $15,000
B) $20,000
C) $25,000
D) Cannot be determined without the cash balance

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The Answer of The income statement for Brit,Inc.indicates that tax expense was $20,000.The balance sheet indicates that taxes payable for the same year increased by $5,000.What amount did Brit,Inc.actually pay in taxes during this year?

The Income Statement for Brit,Inc