Garvey Corporation reported income taxes of $370,000,000 on its 2012 income statement and income…

 
   

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Garvey Corporation reported income taxes of $370,000,000 on its 2012 income statement and income taxes payable of $277,000,000 at December 31, 2011, and $528,000,000 at December 31, 2012. What amount of cash payments were made for income taxes during 2012?View Solution:
Garvey Corporation reported income taxes of 370 000 000 on its