Assume the Direct Method Is Used to Compute Net Cash

question 24

Multiple Choice

Assume the direct method is used to compute net cash flows from operating activities.For this item extracted from the financial statements-Increase in Income Taxes Payable-indicate the effect on cash payments for income taxes by choosing one of the following:

• A)Add to Income Taxes to arrive at cash payments for income taxes.
• B)Subtract from Income Taxes to arrive at cash payments for income taxes.
• C)Not used to adjust Income Taxes to arrive at cash payments for income taxes.

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Definitions:

Yearly Number

A quantitative figure or statistic that represents a total or aggregate amount over the course of a year.

Around the World

Often used to describe a global perspective or actions occurring in various parts of the globe.

Cyberdeviance

Cyberdeviance involves behaviors that violate societal norms and occur primarily through digital means or on the internet.

Global Perspective

The ability to understand, analyze, and appreciate the complex interconnectedness of the world and its diverse cultures, economies, and geopolitical issues.