Shady Lane's income tax payable account decreased from $14.3 million to $11.7 million during 2016. If its

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Shady Lane's income tax payable account decreased from $14.3 million to $11.7 million during 2016. If its income tax expense was $80.2 million, what was shown as an operating cash flow under the direct method?
A cash outflow of $11.7 million.
A cash outflow of $77.6 million.
A cash outflow of $82.8 million.
A cash outflow of $80.2 million.
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Intermediate Accounting Reporting and Analysis

ISBN: 978-1285453828

2nd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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