Ying Corporation, a Japanese construction firm, reported a balance in Income Taxes Payable of ¥3,700 million at the beginning of 2013 and ¥14,300 million at the end of 2013.Net income before income taxes for 2013 totaled ¥73,000 million.Assume that the firm is subject to an income tax rate of 43%.Compute the amount of cash payments made for income taxes during 2013.(Ying Corporation applies Japanese accounting standards, and reports its results in millions of yen (¥).In answering this question, assume that Ying Corporation uses either U.S.GAAP or IFRS; for purposes of this problem, this choice will not matter.)
A)¥10,600 million
B)¥17,090 million
C)¥20,790 million
D)¥73,000 million
E)none of the above

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The Answer of Ying Corporation, a Japanese construction firm, reported a balance in Income Taxes Payable of ¥3,700 million at the beginning of 2013 and ¥14,300 million at the end of 2013.Net income before income taxes for 2013 totaled ¥73,000 million.Assume that the firm is subject to an income tax rate of 43%.Compute the amount of cash payments made for income taxes during 2013.(Ying Corporation applies Japanese accounting standards, and reports its results in millions of yen (¥).In answering this question, assume that Ying Corporation uses either U.S.GAAP or IFRS; for purposes of this problem, this choice will not matter.)
A)¥10,600 million
B)¥17,090 million
C)¥20,790 million
D)¥73,000 million
E)none of the above

Ying Corporation, a Japanese Construction Firm, Reported a Balance in Income