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  3. income tax expense was $374,354 for the year. inco

Income tax expense was $374,354 for the year. Income taxes payable was $31,466 and $43,428...

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Question

Accounting

Income tax expense was $374,354 for the year. Income taxes payable was $31,466 and $43,428 at the beginning and end of the year, respectively. Cash payments for income taxes reported on the statement of cash flows using the direct method are

a.$449,248

b.$362,392

c.$386,316

d.$374,354

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