Kinsey Ltd. reported income taxes of 360,000,000 on its 2025 income statement, income taxes payable of 277,000,000

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Kinsey Ltd. reported income taxes of £360,000,000 on its 2025 income statement, income taxes payable of £277,000,000 at December 31, 2024, and £525,000,000 at December 31, 2025. What amount of cash payments were made for income taxes during 2025?

Compute cash payments for operating expenses—direct method.

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Financial Accounting With International Financial Reporting Standards

ISBN: 9781119787051

5th Edition

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

Question Posted: Apr 05, 2024 01:25 AM

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Kinsey Ltd. reported income taxes of 360,000,000 on its 2025 income statement, income taxes payable of 277,000,000

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Financial Accounting With International Financial Reporting Standards

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