In the operating activities section of Clorox's Consolidated Statement of Cash Flows, find the line item "Income taxes payable" beneath the heading "Adjustments to reconcile earnings from continuing operations to net cash provided by continuing operations." Based on the positive $1 reported for that line item in fiscal year 2018, what can you infer?

Answer rating: 100% (QA)

Based on the positive 1 reported for Income taxes payable ... View the full answer