Information related to various financial statement elements is
provided for three cases:
Case A Tax expense was $431,400. The
deferred tax liability had an opening balance of $116,300 and a
closing balance of $130,400. Income tax payable declined by $28,200
during the year.
Case B Interest expense was $219,000.
Discount amortization was $12,700 during the year. Interest payable
had an opening balance of $13,800 and a closing balance of
$16,800.
Case C Interest revenue was $109,300.
Interest receivable had an opening balance of $17,900 and a closing
balance of $10,200.
Required:
For each case, calculate the cash inflow or outflow related to the
revenue or expense. (Deductible amounts and Cash outflows
should be indicated with minus sign.)
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