An extract from the trial balance of RRR Pty Ltd as at 30 June 2018 shows: If the income tax provided for at the end 2017 was $12 000 and taxation is paid in arrears in a lump sum, what amount will appear in the statement of cash flows for taxation paid by RRR Pty Ltd for the year ended 30 June 2018?
A) $20 000
B) $12 000
C) $16 000
D) Nil
Correct Answer:
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