Income tax was 303279 for the year income tax payable was

Assignment Help Accounting Basics
Reference no: EM13583111

Income tax was $303,279 for the year. Income tax payable was $26,951 and $41,632 at the beginning and end of the year. Determine cash payments for income tax reported on the cash flow statement using the direct method.

Reference no: EM13583111

Questions Cloud

Allowance for doubtful accounts has a credit balance of 677 : allowance for doubtful accounts has a credit balance of 677 at the end of the year and an analysis of accounts in the
After the accounts are adjusted and closed at the end of : after the accounts are adjusted and closed at the end of the fiscal year accounts receivable has a balance of 748228
A building with an appraisal value of 12564200 is made : a building with an appraisal value of 125642.00 is made available at an offer price of 150801.00. the purchaser
Complete the performance report that will help ms jaskis : sue jaski supervisor of the karaki corporations machining department was visibly upset after being reprimanded for her
Income tax was 303279 for the year income tax payable was : income tax was 303279 for the year. income tax payable was 26951 and 41632 at the beginning and end of the year.
Your evaluation of the discussion of the research as : causality and inferencein may 1998 the new york times carried an article by adam bryant describing a research project
On june 8 alton co issued an 83286 7 120-day note payable : on june 8 alton co. issued an 83286 7 120-day note payable to seller co. assuming a 360-day year for your calculations
In 2012 robert corporation had net income of 193836 and : in 2012 robert corporation had net income of 193836 and paid dividends to common stockholders of 40100. they had 55700
A 320000 bond was redeemed at 103 when the carrying value : a 320000 bond was redeemed at 103 when the carrying value of the bond was 332480. what amount of gain or loss would be

Reviews

Write a Review

Accounting Basics Questions & Answers

  Describe corporate governance breakdowns in the

describe corporate governance breakdowns in the facilitation of enrons fraudulent acts.lt?xmlnamespace prefix o ns

  Diversified products inc has recently acquired a small

diversified products inc. has recently acquired a small publishing company that diversified products intends to operate

  Entry to write off uncollectible account

Under the allowance method of recognizing uncollectible accounts, the entry to write off an uncollectible account

  Marketing channels to retail nurseries and garden stores

Jenco Incorporated's only product is a combination fertilizer-weed killer called Fertikil. Fertikil is sold nationwide through normal marketing channels to retail nurseries and garden stores.

  Gven the following information sales 5000 fixed expense

given the following information sales 5000 fixed expense 2000 variable exp 1750 what would expected net income be if

  The write-off of an account that has been judged to be

the write-off of an account that has been judged to be uncollectible will not affect the net accounts receivable

  What is the number of shares outstanding

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?

  Contribution margin for the current and projected year

Compute (1) the contribution margin for the current and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.)

  What is the consolidated balance for the equipment account

willkom corporation bought 100 percent of szabo inc. on january 1 2009 at a price in excess of the subsidiarys fair

  Financial statements for possibility of bad debts

How would you determine that the car manufacturer has a good record of servicing sales and paying its suppliers? What are the signs you would look out for in the financial statements for the possibility of bad debts? Give reasons for your answers.

  Problem related to auditing standards

Auditing standards discuss fraud in details. What is your impression of the auditor's responsibility to discover it? Do you make a distinction between responsibility regarding management fraud versus employee fraud?

  State or compute for the year the following amounts

Using these data, state or compute for the year the following amounts ,  Direct materials puchased for this answer I put $410,00 but what is the credit entry then and what is the connection with the end and beginning of the year. confused here.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd