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brendatanmy brendatanmy
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5 years ago
In its first year of operations, Badonna Corp. reported Income Tax Expense of $53,000 and Income Tax Payable of $11,000. At the end of the year, Badonna reported a current Deferred Tax Asset of $18,000 and a noncurrent Deferred Tax Liability of $5,000. What is the amount of cash paid for income taxes during the year?
A) $55,000
B) $47,000
C) $23,000
D) $13,000
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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mommytmkmommytmk
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5 years ago
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