Q1 Q2 Q3 ues 20,000 25,000 18,000 ions 16.000 30.000 23. 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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What amount of business tax arising from the third quarter transactions?

A small service business had the following for the taxable year 2022.
Q1
Q2
Q3
Q4
Revenues
20,000
25,000
18,000
29,000
Collections
16,000
30,000
23,000
26,000
Transcribed Image Text:A small service business had the following for the taxable year 2022. Q1 Q2 Q3 Q4 Revenues 20,000 25,000 18,000 29,000 Collections 16,000 30,000 23,000 26,000
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