Paradise Corporation uses the direct method in determining net cash provided (used) by operating activities. The income statement shows income tax expense of $50,000. Income taxes payable were $29,000 at the beginning of the year and $22,000 at the end of the year. Cash payments for income taxes are a. $43,000. b. $57,000. c. $50,000. d. $68,000.

Asavings account that pays interest every 3 months is said to have a interest period

On january 1, jackson, inc.'s work-process inventory account showed a balance of $ 66,500. during the year, materials requisitioned for use in production amounted to $ 70,500, of which $ 67,700 represented direct materials. factory wages for the period were $ 210,000 of which $ 187,000 were for direct labor. manufacturing overhead is allocated on the basis of 60% of direct labor cost. actual overhead was $ 116,050. jobs costing $ 353,060 were completed during the year. the december 31 balance in work-process inventory is

The vaska company buys a patent on january 1, year one, and agrees to pay $100,000 per year for the next five years. the first payment is made immediately, and the payments are made on each january 1 thereafter. if a reasonable annual interest rate is 8 percent, what is the recorded value of the patent? 1. $378,4252. $431,2133. $468,9504. $500,000