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Sandhill industrics has been making quarterhy taxinstalment payments at the start of eachquarter in the amount of $5,300 per quarter throughout the year based on
Sandhill industrics has been making quarterhy taxinstalment payments at the start of eachquarter in the amount of $5,300 per quarter throughout the year based on the peevious year's income tax. At the end of the year. Sandhili determined that the total current year's income tax obligation was $23,700 Determine the account and the amount to report in the current liabilities section of Sandhill's year-enid statement of financial position assuming the above details Question Part Score Determine the account and the amount to ronort in the current assets section of Sandhilrs year-end statement of financial position assuming the quarterly instalment payments were 56,150 per quarter
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