Assume that the Quinn Corporation uses the indirect method to depict cash flows. Indicate where, if at all, income taxes paid would be reported on the statement of cash flows.
A)Operating activities section.
B)Investing activities section.
C)Financing activities section.
D)Does not represent a cash flow.

Question

Quizplus · Accepted Answer

Income taxes paid are typically included in the operating activities section of the statement of cash flows, as they represent a cash outflow resulting from the company's primary business operations.

Assume That the Quinn Corporation Uses the Indirect Method to Depict