Question
10. ABCD plc paid instalments of its corporation tax liability for the year ended 31 March 2017 as follows: a. 14 October 2016 43,000 b.
10. ABCD plc paid instalments of its corporation tax liability for the year ended 31 March 2017 as follows:
a. 14 October 2016 43,000 b. 14 February 2017 72,000
c. 14 April 2017 48,000 d. 14 August 2017 87,000
The agreed corporation tax liability for the year was 294,000. ABCD plc paid the balance of 44,000 on 14/9/17. Required: State the amounts and periods for which interest will be due.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
15th edition
978-1118159644, 9781118562185, 1118159640, 1118147294, 978-1118147290
