Bainbridge Company Uses the Direct Method in Determining Net Cash

question 46

Multiple Choice

Bainbridge Company uses the direct method in determining net cash provided by operating activities. The income statement shows income tax expense $75,000. Income taxes payable were $25,000 at the beginning of the year and $18,000 at the end of the year. Cash payments for income taxes are

• A) $68,000.
• B) $75,000.
• C) $82,000.
• D) $93,000.

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Definitions:

Colonoscopy

A medical procedure that uses a long, flexible tube with a camera on the end to examine the interior of the colon and rectum.

Cholecystography

A radiographic examination of the gallbladder after the administration of a radiopaque contrast medium.

Gastroduodenoesophagoscopy

A diagnostic procedure that allows a doctor to examine the lining of the esophagus, stomach, and beginning of the duodenum using a flexible scope.

Cholangiography

A medical imaging technique used to visualize the bile ducts to diagnose obstructions or diseases.