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 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 called (Points : 3) term bonds. serial bonds. convertible bonds. callable bonds Weegy: issuing corporation has the right to require the owners to surrender the bonds for payment before the maturity date of the bonds, [ the bonds are referred to as A. serial bonds. [ [ [ ] ] ] (More)
Question
Expert Answered
Asked 9/19/2013 11:49:51 AM
0 Answers/Comments
18,797,557 questions answered
Popular Conversations
What is the equation of the line that passes through (4, -1) and (-2, ...
Weegy: The equation of the line that passes through (4, -1) and (-2, 3) is: 2x + 3y - 5 = 0. User: If f(x) = 3x2 - ...
12/19/2014 9:38:50 AM| 4 Answers
Simplify 7(n - p) + 5p. User: Simplify 8 + 3{x - 2[x + 5(x + 3)]}. ...
Weegy: 3-3 = 0 User: Select the correct product. (y + z)3 Weegy: What do you want me to do about your equation? ...
12/19/2014 10:41:10 AM| 4 Answers
3 + 2y = -3, what is y?
12/19/2014 1:06:06 PM| 3 Answers
What is the solution of the equation? A. –4 B. 8 C. 44 ...
Weegy: (b + 6)/5 = 10 b + 6 = 50 b = 50 - 6 b = 44 User: What is the solution of the equation? 3 = b + 3 A. 9 ...
12/19/2014 4:08:47 PM| 3 Answers
The US is the world’s leading producer of ...
12/19/2014 6:33:14 AM| 2 Answers
Solve: 2x + 16 = 40
Weegy: 2x + 3 = 5; 2x = 5 - 3; 2x = 2; x = 2/2; x = 1 User: Factor: x2 - 12x + 27
12/19/2014 7:51:37 AM| 2 Answers
Find the product. -2x a(-4x b - 2x 3 + 5x)
Weegy: 2x a(-4x b - 2x 3 5x), The result is 2xa(-4bx-30x^2) User: Simplify 8 + 3{x - 2[x + 5(x + 3)]}. User: Find ...
12/19/2014 10:32:54 AM| 2 Answers
monologue User: Shepheardes Calender
12/19/2014 11:08:20 AM| 2 Answers
Find the product mentally. (2m - 9)2
Weegy: 3-3 = 0 User: Select the correct product. (a + 8)(b + 3)
12/19/2014 11:08:48 AM| 2 Answers
Find the product mentally. (ab + 3)(ab - 3)
Weegy: 3-3 = 0 User: Find the product. (r + s)2
12/19/2014 11:11:21 AM| 2 Answers
Weegy Stuff
S
L
P
Points 1116 [Total 4960]| Ratings 0| Comments 1116| Invitations 0|Offline
S
L
Points 712 [Total 1403]| Ratings 1| Comments 702| Invitations 0|Offline
S
Points 681 [Total 681]| Ratings 1| Comments 671| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 668 [Total 14853]| Ratings 0| Comments 668| Invitations 0|Offline
S
P
C
L
P
L
1
Points 98 [Total 6417]| Ratings 1| Comments 88| Invitations 0|Online
S
L
Points 73 [Total 1533]| Ratings 1| Comments 63| Invitations 0|Offline
S
1
L
L
Points 33 [Total 6700]| Ratings 0| Comments 33| Invitations 0|Offline
S
Points 30 [Total 30]| Ratings 0| Comments 0| Invitations 3|Offline
S
Points 23 [Total 29]| Ratings 0| Comments 23| Invitations 0|Offline
S
Points 22 [Total 22]| Ratings 0| Comments 2| Invitations 2|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.