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The 2016 Form 10-K of Dow Chemical disclosed the following: Deferred tax assets increased by $939...

The 2016 Form 10-K of Dow Chemical disclosed the following: Deferred tax assets increased by $939 million and Deferred tax liabilities increased by $336 million. Dow Chemical also reports income tax expense for 2016 of $9 million.
Determine the amount Dow Chemical paid in cash for income taxes for 2016.

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Expert Solution

Answer: $611.00 million
Calculation:
Cash paid for income taxes in 2016 = 9+938-336 = $            611.00 million

ekkarill92 answered 1 year ago
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