Flounder Corporation Reported Income Taxes Of 358 200 000 On Its 2022 Income Statement Its Balance Sheet Reported Inco 1 (38.35 KiB) Viewed 4 times
Flounder Corporation reported income taxes of $358,200,000 on its 2022 income statement. Its balance sheet reported income taxes payable of $278,511,000 at December 31, 2021, and $524,293,000 at December 31, 2022. What amount of cash payments were made for income taxes during 2022? Cash payment for income taxes $
The income statement for Waterway Company showed cost of goods sold of $83,600 and operating expenses of $66,200. The comparative balance sheets for the year show that inventory decreased $6,200, prepaid expenses increased $8,200, accounts payable increased $4,200, and accrued expenses payable decreased $6,200. Compute cash payments to suppliers and cash payments for operating expenses using the direct method. Cash payments to suppliers $ Cash payments for operating expenses $
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!