Complex Transactions, Cash Paid for Income Taxes. Roadster Car Service reported a decrease in income taxes payable

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Complex Transactions, Cash Paid for Income Taxes. Roadster Car Service reported a decrease in income taxes payable of $ 4,500 during the year and an increase in deferred- tax liability of $ 3,000. Its income tax expense was $ 2,300.
Required
a. What is cash paid for income taxes?
b. What would Roadster report in the operating section of the cash flow statement under the indirect method?
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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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