Complex Transactions, Cash Paid for Income Taxes. Zurry Coach Service reported an increase in income taxes payable

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Complex Transactions, Cash Paid for Income Taxes. Zurry Coach Service reported an increase in income taxes payable of $ 1,400 during the year and a decrease in deferred-tax asset of $ 2,000. Its income tax expense was $ 5,700.
Required
a. What is cash paid for income taxes?
b. What would Zurry report in the operating section of the cash flow statement under the indirect method?
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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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