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Novay_Z [31]
3 years ago
14

A company's Income Tax Payable account decreased from $14 million to $12 million during the year. If its income tax expense was

$80 million, what would be shown as cash paid for income taxes under the direct method?
A cash outflow of $12 million.
A cash outflow of $78 million.
A cash outflow of $80 million.
A cash outflow of $82 million.
Business
2 answers:
Flura [38]3 years ago
8 0

Answer:

A cash outflow of $82 million is correct answer

Explanation:

Options:

A cash outflow of $12 million.

A cash outflow of $78 million.

A cash outflow of $80 million.

A cash outflow of $82 million.

(Hope this helps can I pls have brainlist (crown)

stepladder [879]3 years ago
4 0

Answer:

A cash outflow of $82 million

Explanation:

$14 million + 80 million - x = $12 million. x = $82 million.

Hope this helps, have a nice day/night! :D

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Why might someone decide to lease a home?
VikaD [51]

Answer:

The answer is below

Explanation:

1. There are various reasons someone might decide to lease a home, one of which is to maintain a budget as the tenant only pays rent and utility bills rather than property taxes, repairs, maintenance, and replacement cost.

2. Some types of things landlords are responsible for when renting homes is to provide a comfortable, safe, and neat home for the tenant. This includes payments of property taxes, repairs, maintenance, and replacement.

3. Some types of things you should consider if you are buying a newly built home are finances, location, timelines or duration, design, purpose: if it is for personal use or rent, etc.

4. Apartment is a rented residential space, while the condominium is an owned residential space. This implies that that, a residential space that is occupied by a tenant is called an apartment, while the one occupied by the actual owner is called a condominium.

6 0
3 years ago
If you have an idea that no one has thought of, the trouble isA. it may be ahead of its time.B. you don't know if anyone will wa
d1i1m1o1n [39]

Answer:

.C. your competitors will steal it

Explanation:

People with new and creative ideas have the problem of their idea being stolen by their competitors once it gets to the market.

Entrepreneurs find it surprising to learn that stealing someone else's business idea is often legal. Unless the idea is being protected by a trademark, patent or copyright, other businesses might take the idea and run with it. However, in many instances, some exceptions to the rule, the extent and obviousness of the theft can affect whether or not it is legal

5 0
3 years ago
Last year, Mountain Top, Inc., purchased a coal mine at a cost of $900,000. The salvage value has been estimated at $100,000. Th
melisa1 [442]

Answer:

The Journal entry is as follows:

Depletion expense - Coal Deposit  A/c     Dr. $280,000

To Accumulated depletion -Coal Deposit                        $280,000

(To record the depletion expense for the current year)

Workings:

Depletion per ton = (cost - Salvage) ÷ Total units of production

                              = ($900,000 - $100,000) ÷ 200,000

                              =  $4 per ton

Depletion expense = Tonnage tons mined current year × Depletion per ton

                                = 70,000 tons × $4

                                = $280,000

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3 years ago
How was everyone's day?
RUDIKE [14]
It was good, I just despise homework
3 0
2 years ago
Read 2 more answers
I really need help, What are the five foundations? Include purpose/ importance of each step
omeli [17]

Answer:

Management, Operations, Marketing, Accounting, Finance

Explanation:

-Management: planning and knowing your business resources to achieve it's goals

-Operations: The transformation of resources into goods/products, making sure the goods are high quality

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