Answer:
TOTAL $ 100.000
Explanation:
Statement of Cash Flows Direct Method
Income Tax Expense $ 85,000
Income Tax Payable $ 15,000
TOTAL $ 100.000
Formula of Cash Flows Direct Method for Income Statement:
Payments = Income tax expense + Beginning TP - Ending TP
Statement of Cash Flows Direct Method
Income Tax Expense $ 85,000
Income Tax Payable $ 15,000
TOTAL $ 100,000
Income Tax Payable Beginning $ 30,000
Income Tax Payable Final $ 15,000
Extra payment of t $ 20,000
