The 2016 Form 10-K of Dow Chemical disclosed the following: Deferred tax assets increased by $939 million and Deferred tax liabilities increased by $336 million. Dow Chemical also reports income tax expense for 2016 of $9 million.
Determine the amount Dow Chemical paid in cash for income taxes for 2016.

Question

The 2016 Form 10-K of Dow Chemical disclosed the following: Deferred tax assets increased by $939 million and Deferred tax liabilities increased by $336 million. Dow Chemical also reports income tax expense for 2016 of $9 million. 
Determine the amount Dow Chemical paid in cash for income taxes for 2016.

Quizplus · Accepted Answer

The Answer of The 2016 Form 10-K of Dow Chemical disclosed the following: Deferred tax assets increased by $939 million and Deferred tax liabilities increased by $336 million. Dow Chemical also reports income tax expense for 2016 of $9 million. 
Determine the amount Dow Chemical paid in cash for income taxes for 2016.

The 2016 Form 10-K of Dow Chemical Disclosed the Following