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47. Lemar Ltd. has a December 31 year end. It is not a small CCPC. For 2021, its income taxes payable were $71,500, while
47. Lemar Ltd. has a December 31 year end. It is not a small CCPC. For 2021, its income taxes payable were $71,500, while for 2022, the amount was $93,600. For 2023, its estimated taxes payable are $114,700. What would be the minimum instalment payments for the 2023 taxation year and when would the instalments be due? How would your answer differ if Lemar Ltd. qualified as a small CCPC?
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
