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
25,024,815 questions answered
Popular Conversations
A credit report is a _____.
5/2/2016 7:02:18 AM| 2 Answers
Where did Pure Land Buddhism first become ...
5/2/2016 7:37:41 AM| 2 Answers
2 2/3-5/6
Weegy: 4 1/3 - 5/6 - 1/2 is equal to 3 User: A 5-story building is 51.1 feet tall. How many feet tall is each story
5/2/2016 8:20:33 AM| 2 Answers
Which of the following is a transitional word found in this ...
Weegy: what's your question? User: Which of these words from the paragraph is NOT a transitional word or ...
5/2/2016 8:20:41 AM| 2 Answers
Which of the following technologies was NOT created during World War ...
Weegy: B. antibiotics User: Which of the following terms could be applied to the United States during the Cold ...
5/2/2016 8:37:12 AM| 2 Answers
What is Luminol?
5/2/2016 8:57:15 AM| 2 Answers
Weegy Stuff
S
Points 177 [Total 177] Ratings 8 Comments 97 Invitations 0 Offline
S
Points 127 [Total 127] Ratings 2 Comments 97 Invitations 1 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 100 [Total 12352] Ratings 1 Comments 90 Invitations 0 Online
S
Points 38 [Total 107] Ratings 0 Comments 38 Invitations 0 Offline
S
Points 11 [Total 156] Ratings 0 Comments 11 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
L
P
Points 4 [Total 1169] Ratings 0 Comments 4 Invitations 0 Offline
S
R
Points 2 [Total 724] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 48] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.