subject
Business, 06.11.2019 23:31 mauricestepenson791

During 20x5, estimated tax payments of $300,000 were charged to prepaid taxes. trey has not yet recorded income tax expense. there were no differences between financial statement and income tax income, and trey's tax rate is 30%. included in accounts receivable is $500,000 due from a customer. special terms granted to this customer require payment in equal semi-annual installments of $125,000 every april 1 and october 1. in trey's december 31, 20x5 balance sheet, what amount should be reported as total retained earnings?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 07:30
Why has the free enterprise system been modified to include some government intervention?
Answers: 1
question
Business, 22.06.2019 19:10
Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position
Answers: 3
question
Business, 23.06.2019 06:30
Transferable skills necessary for successful employment include a. basic skills b. thinking skills c. personal qualities d. all of the above select the best answer from the choices provided
Answers: 1
question
Business, 23.06.2019 11:30
Eon inc., electravia inc., and fc inc., the three largest firms in the consumer electronics industry, hold close to 85 percent of the industry's market share. these companies mainly compete against each other by providing unique features in their products rather than pricing them low. these firms are interdependent, and each firm must consider the strategic actions of its competitors. which of the following industry competitive structures does this scenario best illustrate? monopolistic competition oligopoly monopoly perfect competition
Answers: 2
You know the right answer?
During 20x5, estimated tax payments of $300,000 were charged to prepaid taxes. trey has not yet reco...
Questions
question
English, 11.10.2021 08:00
question
Mathematics, 11.10.2021 08:00
question
Mathematics, 11.10.2021 08:00
question
Mathematics, 11.10.2021 08:00
Questions on the website: 13722362