Question 5 (1 point) A company has $64,000 in income tax expense. The Income Tax Payable...

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Answer 1

Answer #1

Correct Answer: $67000

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Computation of Cash payment for Income Tax
Beginning Payable Balance	$10,000.00
Add: Incoome Tax Expense for Current year	$64,000.00
Less: Endding Payable Balance	$7,000.00
Cash Payment for Income Tax	$67,000.00

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Answer 2

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