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Cash received as a result of the settlement of litigation.
Cash paid for taxes on cash flow statement. With the indirect cash flow statement we do not directly input these line items. A month a quarter or year which is arrived at by adjusting the profit before tax for the year. Cash payment for expenses such interest electricity bills salaries wages etc.
Cash paid to employees. Cash Paid for Expenses In this example wages is used to represent expenses in the income statement. New bank borrowings 200000 Net cash flow 214000.
Income Tax Paid. Income tax paid is calculated by adjusting the total income tax expense from the income statement for movements in income tax payable TP from the balance sheet. Taxes appear in some form in all three of the major financial statements.
TP Income tax payable. Fortunately the calculation of the other two types of Cash Flow ie. Because Fathom does not receive individual transactions from the source accounting system we calculate the Cash Tax Paid to know how much actual cash went toward tax payments in a given period.
Cash received from customers 36000 Cash paid for supplies 20000 Cash paid for interest 2000 Cash provided by operations 14000 Cash flow for investments 0 Cash flow from financing activities. We can use the following table to calculate dividends paid and tax paid. As part of the formula Fathom uses the Tax Rate set for the company in.
Cash paid for other operating expenses. The beginning balance of Current Tax Payable of CU 14000 is increased by the current portion of income tax expense CU 27000. The following examples illustrate all.
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