In its first year of operations, Badonna Corp. reported Income Tax Expense of $50,000 and Income Tax Payable of $16,000. At the end of the year, Badonna reported a noncurrent Deferred Tax Liability of $5,000. What is the amount of cash paid for income taxes during the year?

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The Answer of In its first year of operations, Badonna Corp. reported Income Tax Expense of $50,000 and Income Tax Payable of $16,000. At the end of the year, Badonna reported a noncurrent Deferred Tax Liability of $5,000. What is the amount of cash paid for income taxes during the year?

In Its First Year of Operations, Badonna Corp