Hoffman corporation reported income taxes of 370000000 on, Accounting Basics

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Hoffman corporation reported income taxes of 370000000 on

Question: Hoffman Corporation reported income taxes of $370,000,000 on its 2017 income statement and income taxes payable of $277,000,000 at December 31, 2016, and $528,000,000 at December 31, 2017. What amount of cash payments were made for income taxes during 2017?

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Accounting Basics: Hoffman corporation reported income taxes of 370000000 on

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