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What was monty cash payment for income taxes

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Reference no: EM132971164

Problem 1: Monty Corporation shows income tax expense of $248400. There has been a $27600 decrease in federal income taxes payable and a $38600 increase in state income taxes payable during the year. Using the direct method of reporting cash flows from operating activities, what was Monty's cash payment for income taxes?

Reference no: EM132971164

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