On its income statement, Columbia Sportswear Company reports Income tax expense of 85,970. However, companies...
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On its income statement, Columbia Sportswear Company reports Income tax expense of 85,970. However, companies often actually pay a different amount for taxes than is reported. Sometimes there are differences between accounting income determined using GAAP and taxable income, which is determined using tax rules. Sometimes there are differences in the timing of recognition of revenues and expenses. Either of these can lead to a companys reporting one amount as tax expense and actually paying a different amount. Using information provided at the bottom of the Statement of Cash Flows, how much did Columbia Sportswear Company actually pay (in cash) for income taxes in 2022?
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