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Help pleaseee.. For the year 2021, Chicken Nuggets Company reported an income tax expense of P110,000. Income tax payable at the end of 2020 were
Help pleaseee.. For the year 2021, Chicken Nuggets Company reported an income tax expense of P110,000. Income tax payable at the end of 2020 were P90,000 and at the end of 2021 were P100,000. The deferred tax liability that resulted from the use of accelerated depreciation for tax purposes and straight-line method of financial reporting purpose decreased from at the P130,000 beginning of 2021 to P105,000 at the end of 2021. How much cash was paid for income taxes during the year?
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