To determine cash payments for income tax for the cash flow statement using the direct method, an increase in income taxes payable is added to the income tax expense.

Name: To determine cash payments for income tax for the cash flow statement using the direct method, an increase in income taxes payable is added to the income tax expense.
Brand: Quizplus
Rating: 5.0 (46 reviews)

Question

Quizplus · Accepted Answer

An increase in income taxes payable is subtracted from the income tax expense to determine cash payments for income tax.

To Determine Cash Payments for Income Tax for the Cash