An organization owes 300,000 tax at 1.7.X4 and 450,000 at 30.6.X5. Its income statement for the year

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An organization owes £300,000 tax at 1.7.X4 and £450,000 at 30.6.X5. Its income statement for the year to 30.6.X5 includes a tax charge of £400,000. How much tax was actually paid in the year to 30.6.X5?

Related Book For answer-question

Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Posted Date: Sep 05, 2020 04:39 AM

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An organization owes 300,000 tax at 1.7.X4 and 450,000 at 30.6.X5. Its income statement for the year

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Tax due 17x4 300000 Tax due 300... View the full answer

Principles of Accounting

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