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 363 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 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 363 days ago|9/19/2013 11:49:51 AM
0 Answers/Comments
17,413,310 questions answered
Popular Conversations
All of the following physical reactions occur when our ...
Weegy: What are your choices? User: A. dilating pupils B. increasing heartbeat C. increasing digestion D. increasing ...
9/17/2014 12:53:07 AM| 5 Answers
Which of the following areas would most likely have the deepest layer ...
Weegy: Which of the following areas would most likely have the deepest layer of topsoil? b. beach User: Which layer ...
9/17/2014 1:00:32 AM| 4 Answers
Is the underlined word a predicate nominative or a predicate ...
Weegy: "The workers remained calm during the fire drill." In this sentence the word "calm" is the predicate adjective. ...
9/17/2014 2:01:58 PM| 3 Answers
. Command is: A. Assumed by the individual who is the highest ranking ...
Weegy: Command is Directing, ordering, or controlling by virtue of explicit statutory, regulatory, or delegated ...
9/17/2014 1:35:53 AM| 2 Answers
When communicating, ICS requires the use of
Weegy: The Incident Command System (ICS) is "a systematic tool used for the command, control, and coordination of ...
9/17/2014 1:36:41 AM| 2 Answers
chevorlet
Weegy: Find which Chevy van and you will find what the mpg is. User: chevy silverado
9/17/2014 3:00:05 PM| 2 Answers
What court case upheld the use of implied powers by Congress in any ...
Weegy: The implied powers doctrine, upheld in McCulloch v. Maryland, gives Congress the power to create a national bank ...
9/17/2014 2:06:27 PM| 2 Answers
In "Paul's Case," the story suggests that Paul's "dark corner" ...
Weegy: In "Paul's Case," the story suggests that Paul's "dark corner" represents his? contempt for authorityWrong the ...
9/17/2014 1:43:59 PM| 2 Answers
The biggest cause of foodborne illness is
Weegy: Foodborne illness (also foodborne disease and colloquially referred to as food poisoning)[1] is any illness ...
9/17/2014 4:32:41 PM| 2 Answers
The Three-Fifths Compromise dealt with the issue ...
Weegy: The Three-Fifths Compromise dealt with the issue of taxation. User: The convention decided to make a ...
9/17/2014 4:38:35 PM| 2 Answers
Weegy Stuff
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
P
C
L
Points 1921 [Total 26320]| Ratings 4| Comments 1881| Invitations 0|Offline
S
L
1
L
P
C
1
Points 1757 [Total 8288]| Ratings 8| Comments 1677| Invitations 0|Online
S
L
1
1
1
1
L
1
L
Points 1377 [Total 11157]| Ratings 0| Comments 1377| Invitations 0|Offline
S
L
C
P
C
1
L
L
P
C
1
Points 1338 [Total 17277]| Ratings 10| Comments 1238| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1318 [Total 18490]| Ratings 3| Comments 1288| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 512 [Total 11758]| Ratings 0| Comments 512| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 503 [Total 19034]| Ratings 0| Comments 503| Invitations 0|Online
S
L
Points 440 [Total 1110]| Ratings 0| Comments 440| Invitations 0|Offline
S
1
L
L
Points 396 [Total 5520]| Ratings 4| Comments 356| Invitations 0|Offline
S
P
C
L
P
L
1
Points 45 [Total 6102]| Ratings 1| Comments 35| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.