Question

013.25 PepsiCos balance sheet lists its deferred in- come taxes as $1,367 million in 2000 and
$1,496 million in 2001. Its net income state- ment further listed income tax payments of $1,367 million in 2001. How much did Pep- siCo actually pay in income taxes in 2001
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Answer #1

Deferred tax account increased by = $1,496 million - $1,367 million = $129 million

Actual taxes paid were = $1,367 - $129 = $1,238 million

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