60.1K
Verified Solution
Link Copied!
18. Empresas ABC reports the following:
Income tax expense of $ 140,000.
Contributions payable (Income tax payable) at the beginning and end of the year are $ 20,600 and $ 25,500 respectively.
Determine the amount of cash paid for contributions during the year:
a) $ 4,900
b) $ 144,900
c) $ 140,000
d) $ 135,100
Answer & Explanation
Solved by verified expert
