Alpha Corp. reports an income tax expense of $500,000. The income taxes payable at the beginning of the year was $85,000, and at the end of the it was $95,000. year, What is the cash paid for income taxes during the year?
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What is the cash paid for income taxes during the year?
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- Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Refer to the information for Juroe Company on the previous page. Also, assume that Juroes total assets at the beginning of last year equaled 17,350,000 and that the tax rate applicable to Juroe is 40%. Required: Note: Round answers to two decimal places. 1. Calculate the average total assets. 2. Calculate the return on assets.Alpha Corp. reports an income tax expense of $500,000. The income taxes payable at the beginning of the year was $85,000, and at the end of the it was $95,000. year, What is the cash paid for income taxes during the year?Computer World reports income tax expense of $340,000. Income taxes payable at the beginning and end of the year are $60,000 and $75,000, respectively. What is the cash paid for income taxes during the year?
- Computer World reports income tax expense of $230,000. Income taxes payable at the beginning and end of the year are $54,500 and $64,000, respectively.What is the cash paid for income taxes during the year?Income tax expense is $150,000. Income taxes payable at the beginning of the year were $40,000, and at the end of the year were $35,000. What is the cash paid for income taxes during the year?Calculate the cash paid for income taxes during the year ?
- FVA Inc.'s net income for the most recent year was $41,445. The tax rate was 25 percent. The firm paid $10,440 in total interest expense and deducted $10,630 in depreciation expense. What was the cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Cash coverage ratio timesDuring 2020 Miller Inc. reported $10,000 of Income Tax Expense. During the year the balance in Income Tax Payable increased by $3,000 and the balance in Deferred Tax Liability increased by $2,000. What amount of cash was paid for taxes during 2020?Whipporwill, Incorporated's, net income for the most recent year was $16,802. The tax rate was 21 percent. The firm paid $3,706 in total interest expense and deducted $4,491 in depreciation expense. What was the cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Cash coverage ratio times
- In year k, the before-tax cash flow of a corporation is $513,422. During year k, the expense is $112,274. The depreciation is $5,003. The effective income tax rate is 24%. What is the ATCF for this year?Pop Evil, Inc.'s net income for the most recent year was $22,817. The tax rate was 21 percent. The firm paid $4,081 in total interest expense and deducted $5,991 in depreciation expense. What was the cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Cash coverage ratio timesPop Evil, Inc.'s net income for the most recent year was $20,812. The tax rate was 22 percent. The firm paid $3,256 in total interest expense and deducted $5,491 in depreciation expense. What was the cash coverage ratio for the year?