Jackie Corp. is included in the list of top withholding agents. During the month, it paid out the following: Cash dividends to resident individual shareholders - 200,000 Prize on competitions won by a resident alien - 5,000 Local purchases of services related to the operations - 600,000 Purchase of mineral products - 800,000 Winnings on a raffle promo conducted - 20,000 Lease payment to a vessel owned by a non-resident - 60,000 How much is the total of the cash outflows to the payees? 1,605,300 1,604,500 1,606,300 1,603,500
Jackie Corp. is included in the list of top withholding agents. During the month, it paid out the following: Cash dividends to resident individual shareholders - 200,000 Prize on competitions won by a resident alien - 5,000 Local purchases of services related to the operations - 600,000 Purchase of mineral products - 800,000 Winnings on a raffle promo conducted - 20,000 Lease payment to a vessel owned by a non-resident - 60,000 How much is the total of the cash outflows to the payees? 1,605,300 1,604,500 1,606,300 1,603,500
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Jackie Corp. is included in the list of top withholding agents. During the month, it paid out the following:
- Cash dividends to resident individual shareholders - 200,000
- Prize on competitions won by a resident alien - 5,000
- Local purchases of services related to the operations - 600,000
- Purchase of mineral products - 800,000
- Winnings on a raffle promo conducted - 20,000
- Lease payment to a vessel owned by a non-resident - 60,000
How much is the total of the cash outflows to the payees?
1,605,300
1,604,500
1,606,300
1,603,500
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