Shady lanes income taxes payable account reduced from 14

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Shady Lane's income taxes payable account decreased from $14 million to $12 million during 2006. If its income tax expense was $80 million, what would be shown as an operating cash flow under the direct method?

a) A cash outflow of $12 million.

b) A cash outflow of $78 million.

c) A cash outflow of $80 million.

d) A cash outflow of $82 million.

Reference no: EM13459718

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