We add a decrease in income tax payable to income tax expense to calculate cash paid for income taxes.
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Q40: We report the purchase of stock in
Q41: The statement of cash flows reports cash
Q42: When accounts payable decrease,cash paid to suppliers
Q43: The issuance of notes payable for borrowing
Q44: The sale of a good or service
Q46: If there are no current assets or
Q47: Which of the following is correct about
Q48: The Statement of Cash Flows:
A)Lists all cash
Q49: Which of the following is not correct
Q50: Operating cash flows exclude:
A)Interest received.
B)Interest paid.
C)Dividends received.
D)Dividends
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