The changes in Tench Company's balance sheet account balances for last year appear below: The company's income statement for the year appears below: The company declared and paid $70,000 in cash dividends during the year. The company uses the direct method to determine the net cash provided by operating activities.
-On the statement of cash flows, the income tax expense adjusted to a cash basis would be:
A) $73,000
B) $64,000
C) $63,000
D) $62,000

Question

The changes in Tench Company's balance sheet account balances for last year appear below:  The company's income statement for the year appears below:  The company declared and paid $70,000 in cash dividends during the year. The company uses the direct method to determine the net cash provided by operating activities.
-On the statement of cash flows, the income tax expense adjusted to a cash basis would be:
A) $73,000 
B) $64,000 
C) $63,000 
D) $62,000

Quizplus · Accepted Answer

The Answer of The changes in Tench Company's balance sheet account balances for last year appear below:  The company's income statement for the year appears below:  The company declared and paid $70,000 in cash dividends during the year. The company uses the direct method to determine the net cash provided by operating activities.
-On the statement of cash flows, the income tax expense adjusted to a cash basis would be:
A) $73,000 
B) $64,000 
C) $63,000 
D) $62,000

The Changes in Tench Company's Balance Sheet Account Balances for Last