If taxes payable increased this year over last year's ending balance, cash payments to the government this year would be:
A) Greater than tax expense for the period
B) Equal to tax expense for the period
C) Less than tax expense for the period
D) Not enough information to determine

Question

Quizplus · Accepted Answer

The Answer of If taxes payable increased this year over last year's ending balance, cash payments to the government this year would be:
A) Greater than tax expense for the period
B) Equal to tax expense for the period
C) Less than tax expense for the period
D) Not enough information to determine

If Taxes Payable Increased This Year Over Last Year's Ending