Question and answer
After making four quarterly estimated payments of $3,500, a corporation's actual income tax liability for the year is $17,200. The year-end adjusting entry would require (Points : 3) a debit
to Income Tax Payable for $3,200. a debit to Cash for $3,200. a credit to Cash for $3,200. a debit to Income Tax Expense for $3,200.
After making 4 quarterly estimated payments of $3,500 each, a corporation's actual income tax liability.
Get an answer
Original conversation
User: The process of adjusting the bond interest expense account for any premium or discount is called amortization of the premium or discount. (Points : 3) True False

User: If the stated interest rate on bonds is less than the current market rate, the bonds will sell at a discount. (Points : 3) True False

User: After making four quarterly estimated payments of $3,500, a corporation's actual income tax liability for the year is $17,200. The year-end adjusting entry would require (Points : 3) a debit to Income Tax Payable for $3,200. a debit to Cash for $3,200. a credit to Cash for $3,200. a debit to Income Tax Expense for $3,200.

Weegy: After making 4 quarterly estimated payments of $3,500 each, a corporation's actual income tax liability.
Expert answered|jeifunk|Points 10432|



Question
Asked 347 days ago|9/19/2013 11:52:48 AM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Limited liability of the owners means that the stockholders of a corporation share a personal liability for all debts of the corporation. (Points : 3) True False User: A major advantage of the corporate form of organization is the manner in which corporations pay income taxes. (Points : 3) True False User: Withdrawals in a sole proprietorship or partnership are equivalent to which of the following in a corporation? (Points : 3) net income ...
Weegy: When two or more individuals engage in an enterprise as co-owners, the organization is known as a partnership. This form of organization is popular among personal service enterprises, as well as in the legal and public accounting professions. [ The important features of and accounting procedures for partnerships are discussed and illustrated below. ] User: Bonds issued at the same time so that they all have the same maturity date are ... (More)
Question
Expert Answered
Asked 347 days ago|9/19/2013 11:49:51 AM
0 Answers/Comments
17,188,000 questions answered
Popular Conversations
Indicate whether the statement is true or false. The reason a penny ...
Weegy: TRUE - The reason a penny thrown straight up inside an airplane will come back to your hand is that you, the air ...
8/31/2014 3:31:31 PM| 4 Answers
A line passes through the points (-10, -4) and (-1,2). What is the ...
Weegy: A line passes through the points (-10, -4) and (-1,2). The y-intercept of the line is 8/3. The equation of the ...
8/31/2014 11:50:10 AM| 3 Answers
India is a subcontinent and consists of all of the following except. ...
Weegy: Indian subcontinent has all the features , valleys in himalayan mountains , deccan plateaus , thar desert , and ...
8/31/2014 11:02:13 AM| 2 Answers
Market economy. User: Command economy.
8/31/2014 8:31:19 PM| 2 Answers
Consider this quote: "In each of these historical instances . . . ...
Weegy: D. it stands for the omission of only a single word. User: Which of the following statements correctly ...
9/1/2014 8:30:28 AM| 2 Answers
Which of the following is least likely to form ...
Weegy: Helium is least likely to form bonds. User: Which of the following is an example of plasma? the atmosphere ...
8/31/2014 12:42:25 AM| 1 Answers
Weegy Stuff
S
L
1
L
Points 108 [Total 6641]| Ratings 0| Comments 108| Invitations 0|Online
S
L
C
P
C
1
L
L
Points 71 [Total 16010]| Ratings 0| Comments 71| Invitations 0|Offline
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
Points 53 [Total 24453]| Ratings 0| Comments 53| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 18 [Total 18549]| Ratings 0| Comments 18| Invitations 0|Offline
S
Points 13 [Total 683]| Ratings 0| Comments 13| Invitations 0|Offline
S
Points 11 [Total 69]| Ratings 1| Comments 1| Invitations 0|Offline
S
Points 10 [Total 10]| Ratings 0| Comments 0| Invitations 1|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 6 [Total 17178]| Ratings 0| Comments 6| Invitations 0|Online
S
1
L
L
Points 3 [Total 5127]| Ratings 0| Comments 3| Invitations 0|Offline
S
Points 2 [Total 2]| Ratings 0| Comments 2| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.