On a Statement of Cash Flows Prepared Using the Direct

question 45

Multiple Choice

On a statement of cash flows prepared using the direct method,cash paid for income taxes would be income tax expense minus

• A) an increase in income taxes payable.
• B) a decrease in income taxes payable.
• C) beginning income taxes payable.
• D) ending income taxes payable.

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Definitions:

Technological Advantages

The superior benefits that an organization or society gains from the adoption and integration of new and advanced technologies.

Organisational Asset

Assets, either tangible or intangible, that contribute to an organization's ability to create value, including human resources, intellectual property, and physical assets.

Job Design

The method of arranging duties, responsibilities, and tasks into an efficient work group to improve performance and job satisfaction.

Remuneration

Remuneration is the compensation or payment an individual receives for their labor or services, including wages, salaries, and bonuses.