Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

fill in the blank question the breezy fan reported a decrease to net in…

Question

fill in the blank question
the breezy fan reported a decrease to net income in their income taxes payable account on the statement of cash flows using the indirect method. this means that breezy
fans income taxes payable account (increased/decreased) for the period.
need help? review these concept resources.
read about the concept

Explanation:

Brief Explanations

When using the indirect method for the statement of cash flows, a decrease in net income due to the income taxes payable account implies that the company has paid more taxes than it accrued. This leads to a decrease in the income taxes payable account balance.

Answer:

decreased