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Novay_Z [31]
3 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]3 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]3 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

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hoa [83]

Answer:

It would take East Vice City 36 years to catch up to the real per capita GDP of North Metropolania

Explanation:

Please find the detailed explanations and calculations as below:

Denote x is the number of years that needs to be found.

For East Vice City to catch up to the real per capita GDP of North Metropolania, we have the equation to show the real GDP of North Metropolania equals to that of East Vice City after x years as followed:

6,000 x 1.0233^x = 1,500 x 1.07^x <=> 4 x 1.0233^x = 1.07^x <=> x = 36 years

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