Use the following information to calculate cash paid for income taxes:
A) $23,700.
B) $52,100.
C) $53,200.
D) $41,900.
E) $43,000.

Name: Use the following information to calculate cash paid for income taxes: A) $23,700. B) $52,100. C) $53,200. D) $41,900. E) $43,000.
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Question

Use the following information to calculate cash paid for income taxes: 
A) $23,700. 
B) $52,100. 
C) $53,200. 
D) $41,900. 
E) $43,000.

Quizplus · Accepted Answer

Increase in Income Taxes Payable = $10,200 − $9,100 = $1,100
Cash paid for Income Taxes = $43,000 − $1,100 = $41,900
Reconstructed entry:
 11eaadfd_cc31_ac46_95d8_bfab2199081e_TB6948_00

Use the Following Information to Calculate Cash Paid for Income