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Gulf Company's income tax payable account decreased from $15.7 million to $11.8 million during 2021. If its income tax expense was $80.8 million, what was
Gulf Company's income tax payable account decreased from $15.7 million to $11.8 million during 2021. If its income tax expense was $80.8 million, what was shown as an operating cash flow under the direct method? Select one: A. A cash outflow of $76.9 million. B. A cash outflow of $80.8 million. C. A cash outflow of $84.7 million. D. A cash outflow of $11.8 million
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