Question
Randolph Ltd has a tax expense of 77,000 in the Income Statement for the year ended 31 December 2019. In the Statement of Financial Position,
Randolph Ltd has a tax expense of 77,000 in the Income Statement for the year ended 31 December 2019. In the Statement of Financial Position, tax payable was 70,000 for the year ended 31 December 2018 and 79,800 for the year ended 31 December 2019.
What amount will appear as tax paid in the Statement of cash flows for the year ended 31 December 2019?
a. 79,800
b. 77,000
c. 70,000
d. 67,200
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Implementing And Auditing The Internal Control System
Authors: D. Chorafas
2001edition
0333929365, 978-0333929360
