In a statement of cash flows, a change in an income taxes payable account would be recorded in the:
A) operating activities section.
B) financing activities section.
C) investing activities section.
D) stockholders' equity section.

Question

Quizplus · Accepted Answer

A change in an income taxes payable account would be recorded in the operating activities section of the statement of cash flows because it relates to the company's cash flows from its main operating activities.

In a Statement of Cash Flows, a Change in an Income