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please answer these mcq questions The accrual-basis tax expense in the income statement is $80 000, the beginning balance in the current tax liability account
please answer these mcq questions
The accrual-basis tax expense in the income statement is $80 000, the beginning balance in the current tax liability account is $70 000 and the ending balance is $80 000. What is the amount of tax paid to be included in the statement of cash flows for the year? Select one: O a. $150 000 O b. $80 000 C. $70 000 d. $10 000 O Hocking Duck reports for 2014 Beginning inventory Ending inventory 530 000 Cost of sales 40 000 90 000 Determine credit purchases for the year. Select one: O a. S100 000 b. 590 000 C. 5110 000 O d. 5140 000 Tracy co had a cost of sales during the year just ended of 5180 000. During the year accounts payable and inventor each increased by 516 000. What amount of cash was paid for purchases during the year Select one: a. 5152 000 b. 5180 000 C.5176 000 d. 5160 000 if credit purchases are $100 000 determine the cash paid for the purchase of inventory for 2014 Beginning accounts payable Ending accounts payable 530 000 42000 Select one: a. 588 000 b. 112 000 C. 5128 000 d. 5152 000 OStep by Step Solution
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