Which one of the following is done if tax payable is considered as current liabilities? (a) Tax

Question:

Which one of the following is done if tax payable is considered as current liabilities?

(a) Tax paid is shown as an application in the operating activities.

(b) Provision made for tax is shown in the operating activities.

(c) Change in the tax payable as reflected in the balance sheet is shown in the adjustment for working capital items.

(d) All of these.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

Question Posted: