Question 3 of 75. A corporation may be subject to an underpayment penalty if it has a total tax liability amount of liability or their prior year's tax liability - or more and has paid less than the smaller of the current year tax $1,000 $750 $500 $250 Mark for follow up Question 9 of 75. Which of the following are financial statements used by business entities to report the financial position of the entity? A balance sheet, a depreciation schedule, and a cash receipts journal. An income statement, a statement of cash flow, and a depreciation schedule. A balance sheet, an income statement, and a statement of cash flow. A balance sheet, an income statement, and a cash disbursements journal. Mark for follow up