A Canadian public company has Tax Payable of $75,000 in 2016, $102,000 in 2017, and $90,000...
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A Canadian public company has Tax Payable of $75,000 in 2016, $102,000 in 2017, and $90,000 in 2018. The company would like to minimize its 2018 instalments. What would its instalments be? a) One monthly payment of $6,250 per month, followed by eleven monthly payments of $8,704 per month. b) Two monthly payments of $6,250 per month, followed by ten monthly payments of $8,950 per month. c) Twelve payments of $7,500 per month. d) Twelve payments of $6,250 per month. A Canadian public company has Tax Payable of $75,000 in 2016, $102,000 in 2017, and $90,000 in 2018. The company would like to minimize its 2018 instalments. What would its instalments be? a) One monthly payment of $6,250 per month, followed by eleven monthly payments of $8,704 per month. b) Two monthly payments of $6,250 per month, followed by ten monthly payments of $8,950 per month. c) Twelve payments of $7,500 per month. d) Twelve payments of $6,250 per month.
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Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
Posted Date:
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