An Extract from the Trial Balance of RRR Pty Ltd $\text { Income tax expense } \quad \$ 20,000$

question 63

Multiple Choice

An extract from the trial balance of RRR Pty Ltd as at 30 June 2018 shows: $\text { Income tax expense } \quad \$ 20,000$ 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

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