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Entity L reported net income of $215,000 for the current year and uses the indirect method to report operating activities cash flow. Taxes Payable decreased
Entity L reported net income of $215,000 for the current year and uses the indirect method to report operating activities cash flow. Taxes Payable decreased by $13,000 during the year. Choose the appropriate category on the statement of cash flows to report the decrease in Taxes Payable. Cash Flows From Operating Activities-Add to Net Income Cash Flows From Operating Activities-Deduct from Net Income Cash Flows From Investing Activities Cash Flows From Financing Activities Non-cash
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