BTS Corporation had the following information: 2015 2016 2017 2018 2019 RCIT 150,000 170,000 165,000 170,000 200,000 MCIT 180,000 160,000 180,000 175,000 110,000 How much is the income tax payable for the year 2019? a. $90,000 b. $160,000 c. $180,000 d. $200,000

BTS Corporation had the following information: 2015 2016 2017 2018 2019 RCIT 150,000 170,000 165,000 170,000 200,000 MCIT 180,000 160,000 180,000 175,000 110,000 How much is the income tax payable for the year 2019? a. $90,000 b. $160,000 c. $180,000 d. $200,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

BTS Corporation had the following information:

2015 2016 2017 2018 2019
RCIT 150,000 170,000 165,000 170,000 200,000
MCIT 180,000 160,000 180,000 175,000 110,000

How much is the income tax payable for the year 2019?

a. $90,000

b. $160,000

c. $180,000

d. $200,000

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