The Accrual-Basis Tax Expense in the Income Statement Is $90

question 15

Multiple Choice

The accrual-basis tax expense in the income statement is $90 000, the beginning balance in the current tax liability account is $130 000 and the ending balance is $150 000. What is the amount of tax paid to be included in the statement of cash flows for the year?

• A) $70 000
• B) $110 000
• C) $130 000
• D) $150 000

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