Kinsey Ltd. reported income taxes of 360,000,000 on its 2020 income statement, income taxes payable of 277,000,000

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Kinsey Ltd. reported income taxes of £360,000,000 on its 2020 income statement, income taxes payable of £277,000,000 at December 31, 2019, and £525,000,000 at December 31, 2020. What amount of cash payments were made for income taxes during 2020?

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Related Book For  answer-question

Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

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