Which of the following best describes how the remaining balance of an installment note is reported in the balance sheet? As a long-term liability As a current liability Split between a current liability and a long-term liability Split between a current asset and a long-term asset QUESTION 21 A company's Income Tax Payable account decreased from $22 million to $21 million during the year. If its income tax expense was $94 million, what would be shown as cash paid for income taxes under the direct method? A cash outflow of $94 million A cash outflow of $93 million A cash outflow of $95 million A cash outflow of $21 million