The income tax payable of Company E were $10,000 and $15,000 for the years ended 2020 and
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The income tax payable of Company E were $10,000 and $15,000 for the years ended 2020 and 2019, respectively. In the preparation of the statement of cash flows using indirect method, what would be the effect of the change in income tax payable and how will it be presented?
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Related Book For 
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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