Shady Lane's income tax payable account decreased from $14 million to $12 million during 2018. If its income tax expense was $80 million, what was shown as an operating cash flow under the direct method?
A) A cash outflow of $12 million.
B) A cash outflow of $78 million.
C) A cash outflow of $80 million.
D) A cash outflow of $82 million.
Correct Answer:
Verified
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