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Novay_Z [31]
2 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]2 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]2 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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On June 27, 2021, Cara Van Travel distributed to its common shareholders 510,000 outstanding common shares of its investment in
Phoenix [80]

Answer:

The correct answer is $255,000.

Explanation:

According to the scenario, the given data are as follows:

Total outstanding shares = 510,000

Shares value before = $3.10

Shares value after deal = $3.60

So, we can calculate the amount of gain on disposal by using following formula:

Gain amount on disposal = Total number of shares × Difference in share value

By putting the value, we get

= 510,000 × ( $3.60 - $3.10)

= 510,000 × $0.50

= $255,000

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2 years ago
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Alenkasestr [34]

The correct answer is choice a, coaching can lead to 100-point gains if the quality of coaching is high.

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3 years ago
If the sides market (betting on a team against the point spread) for NFL football betting is semi-strong form efficient, what do
Black_prince [1.1K]

Answer:

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Semi strong form of market is an aspect of Efficient Market Hypothesis which provides that security prices adjust rapidly to available public information.

It states that changes in stock prices is an outcome of release of new public information. Based on the information that is made available, investors actions are based, which ultimately leads to changes in prices.

Semi strong form follows the belief that since all public information is used while arriving at a stock's current price, investors cannot utilize technical or fundamental analysis to earn higher returns.

4 0
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Answer:

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