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Question 3 Bridgeport Industries has been making quarterly tax instalment payments at the start of each quarter in the amount of $5,100 per quarter throughout
Question 3 Bridgeport Industries has been making quarterly tax instalment payments at the start of each quarter in the amount of $5,100 per quarter throughout the year based on the previous year's income tax. At the end of the year, Bridgeport determined that the total current year's income tax obligation was $23,200. Determine the account and the amount to report in the current liabilities section of Bridgeport's year-end statement of financial position assuming the above details. $ SHOW LIST OF ACCOUNTS LINK TO TEXT Determine the account and the amount to report in the current assets section of Bridgeport's year-end statement of financial position assuming the quarterly instalment payments were $6,025 per quarter. $ SHOW LIST OF ACCOUNTS LINK TO TEXT Question Attempts: 0 of 1 used
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