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KRJ Corporation reported tax expense of $855 million for the year. Taxes payable at the beginning of the year was $57 million and at the
KRJ Corporation reported tax expense of $855 million for the year. Taxes payable at the beginning of the year was $57 million and at the end of the year it was $105 million. Deferred taxes at the beginning of the year was $180 million and at the end of the year it was $113 million. How much cash (in $ millions) was paid for taxes during the year? In its statement of cash flows KRJ Corporation reported cash received from sales of $860 million. It also reported cash paid for inventory of $350 million, cash paid for other operating expenses of $216 million, cash paid for interest of $68 million, and cash paid for taxes of $129 million. What was the company's net cash flow from operating activities (in $ millions) for the year? If net cash flows from operating activities is negative, be certain to place a negative sign in front of your
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