A company's Income Tax Payable account decreased from $14 million to $12 million during the year. If its income tax expense was

Question

2 years ago

14

A company's Income Tax Payable account decreased from $14 million to $12 million during the year. If its income tax expense was

$80 million, what would be shown as cash paid for income taxes under the direct method?
A cash outflow of $12 million.
A cash outflow of $78 million.
A cash outflow of $80 million.
A cash outflow of $82 million.

Business

2 answers:

Flura [38] · Answer 1 · 2022-08-23T02:48:19+03:00

Flura [38]2 years ago

8 0

Answer:

A cash outflow of $82 million is correct answer

Explanation:

Options:

A cash outflow of $12 million.

A cash outflow of $78 million.

A cash outflow of $80 million.

A cash outflow of $82 million.

(Hope this helps can I pls have brainlist (crown)

stepladder [879] · Answer 2 · 2022-08-23T04:19:09+03:00

stepladder [879]2 years ago

4 0

Answer:

A cash outflow of $82 million

Explanation:

$14 million + 80 million - x = $12 million. x = $82 million.

Hope this helps, have a nice day/night! :D