5) Kuandyk Co. paid 452000KZT for income taxes in 2016. Income taxes payable was 265000KZT at...

 

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5) Kuandyk Co. paid 452000KZT for income taxes in 2016. Income taxes payable was 265000KZT at the beginning of 2016 and it was 286000KZT at the end of the year. Calculate the income taxes expense for the year. 6) The T account for the Investments account for Kuandyk Company at the end of 2016 is shown below. Investments Beg. Bal. 1350000 Sales 350000 Purchases 750000 End, Bal. 1750000 In addition, company's income statement shows a loss on the sale of investments of 32700. Calculate the cash flows from investing activities and show how they will appear on the statement of cash flows. 5) Kuandyk Co. paid 452000KZT for income taxes in 2016. Income taxes payable was 265000KZT at the beginning of 2016 and it was 286000KZT at the end of the year. Calculate the income taxes expense for the year. 6) The T account for the Investments account for Kuandyk Company at the end of 2016 is shown below. Investments Beg. Bal. 1350000 Sales 350000 Purchases 750000 End, Bal. 1750000 In addition, company's income statement shows a loss on the sale of investments of 32700. Calculate the cash flows from investing activities and show how they will appear on the statement of cash flows.

Answer rating: 100% (QA)

To compute the annual income tax expense we must account for the change in income taxes payable from ... View the full answer