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Answer Q#11 please Cash payments on trade accounts payable were 1,500 Income tax expense was 100, cash payments for income taxes were 70 - Depreciation
Answer Q#11 please
Cash payments on trade accounts payable were 1,500 Income tax expense was 100, cash payments for income taxes were 70 - Depreciation was 200 - Cash dividends of 50 were paid Other operating expenses (including cost of goods sold), all paid in cash were 1,010 What is the amount of the opening Cash balance ? 4,000 -1,237 200 5237 Question 12 1/1 point When the company registers the corporate tax that is paid immediately, what are the impacts on the income statement and balance sheet ? Increase of the Expenses (income Statement), Increase of Liabilities (Balance Sheet) Decrease of Revenues (Income Statement), Increase of Liabilities (Balance Sheet)Step by Step Solution
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