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Garvey corporation reported income taxes of 370000000 on

1. 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?

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Accounting Basics: Garvey corporation reported income taxes of 370000000 on

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