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Income Taxes Payable
The amount of federal, state, or local taxes that a company is obligated to pay to the tax authorities, based on its earnings, within the current accounting period.
Income Tax Expense
The cost incurred by businesses or individuals due to income taxes.
Investing Activities
Transactions related to the purchase or sale of long-term assets and investments, which are part of the cash flow statement indicating how cash is invested.
Financing Activities
Activities involving the acquisition of funds and the settlement of obligations with investors, such as the issuance of stocks and bonds, and the distribution of dividends.
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