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Question
clark corporation shows income tax expense of $280,000. there has been a $20,000 decrease in federal income taxes payable and a $28,000 increase in state income taxes payable during the year. using the direct method of reporting cash flows from operating activities, what was clark's cash payment for income taxes?
a.$280,000
b.$272,000
c.$232,000
d.$328,000
Answer
This answer is hidden. It contains 1 characters.
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