BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Paying your income taxes on an ongoing basis means
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Taxes will be withheld from each paycheck
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You won’t owe as big of a tax bill later in the year
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All of the above
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None of the above
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Explanation:
Detailed explanation-1: -Payment of income tax can be classified as cash flow from operating activities.
Detailed explanation-2: -Solution. Explanation: Income tax is classified as an indirect expense.
Detailed explanation-3: -taxes are generally classified as operating activities. Cash flows related to income taxes are classified as operating activities, unless they can be specifically identified with financing or investing activities.
There is 1 question to complete.