The cash paid for taxes is included in the ________ section of the statement of cash flows.Assume the direct method is used.

Name: The cash paid for taxes is included in the ________ section of the statement of cash flows.Assume the direct method is used.
Brand: Quizplus
Rating: 4.8 (59 reviews)

Question

Quizplus · Accepted Answer

Taxes paid are considered an operating expense and therefore the cash paid for taxes would be included in the operating section of the statement of cash flows. This would be the case regardless of whether the direct method or indirect method is used.

The Cash Paid for Taxes Is Included in the ________