What amount of cash payments were made for income taxes

Assignment Help Taxation
Reference no: EM13887902

Kinsey Corporation reported income taxes of $360,000,000 on its 2014 income statement, income taxes payable of $277,000,000 at December 31, 2013, and $525,000,000 at December 31, 2014. What amount of cash payments were made for income taxes during 2014?

Reference no: EM13887902

Questions Cloud

Analyse annual reports of your selected company : Analyse annual reports of your chosen companies in light of the reporting requirements imposed on accountants (conceptual framework) and corporate governance principals from director's perspective.
Discuss the human resource security privacy issues : Evaluate and discuss the human resource security privacy and stability issues affected by information technology. The increase of information technology has affected management greatly
What does this imply about the process of globalization : What are the limits and constraints to establishing global institutions and regulations? What does this imply about the process of globalization?
Compute the cash payments for operating expenses : Yaddof Corporation reports operating expenses of $70,000 excluding depreciation expense of $15,000 for 2014. Compute the cash payments for operating expenses in 2014.
What amount of cash payments were made for income taxes : Kinsey Corporation reported income taxes of $360,000,000 on its 2014 income statement and $525,000,000 at December 31, 2014. What amount of cash payments were made for income taxes during 2014?
What strengths and weaknesses did they identify : As part of your first assignment, you were asked to send the PAMS assessment to three (3) of your peers. By now you should have received those evaluations. Review their responses and compare them to your own assessment. How did their assessment..
What effect would they ?nd from openness : GDP = 0.2 x Financial Sector Reform + 0.4 x Capital Stock - 0.05 Openness But that Financial Sector Reform = 2 x Openness , If an econometrician ran a regression of GDP on the capital stock and openness, what effect would they ?nd from openness?
Executive summary of the company selected : The important aspects to be included in the assignment are as follows: Introduction to COMPENSATION (definitions by authors), objectives & elements of compensation and The executive summary of the company selected
How successful the company has been at delivering value : Discuss how successful the company has been at delivering value to its shareholders over the past 5 years. At a minimum this will require an EVA analysis and an analysis of historical TSR compared to appropriate benchmarks.

Reviews

Write a Review

Taxation Questions & Answers

  Questionyou are an independent tax advisor and one of your

questionyou are an independent tax advisor and one of your clients triceratops toys manufacturing limited has provided

  What are our options for accessing our superannuation

What are our options for accessing our superannuation if we are still working? We would also like the flexibility of being able to take a lump sum now or in the future.

  Write a report to hanson based on the information

Write a report to Hanson based on the information above. Your report should include the chargablilty of Hanson and his wife Juliana Kaur. You are also required to explain in your report the each stages taken to obtain the chargeable income.

  Distinction between a realized gain and a recognized gain

Explain the distinction between a realized gain and a recognized gain and what is the basis of property received in a like-kind exchange? What is the holding period for the new asset

  Why individual tax research and planning is important

Discuss the ways in which you anticipate using what you have learned in your current or future career. Provide specific examples to support your response.

  Would tax system create more or less tax revenue

Would tax system create more or less tax revenue, other things equal? Is this tax system more or less efficient than the current tax system? Explain.

  Employees who operate the gambling facilities

the hotel workers demanded equal treatment and therefore were also allowed to eat in restaurant at no charge while they are at work. Which is correct?

  Determine george and mary taxable income for 2004

Determine George and Mary's taxable income for 2004 if George has $60,000 of salary income and Mary has $25,000 of salary income and they file a joint tax return. They have two dependent children and $15,000 of itemized deductions.

  Calculate fica social security taxes payable

Calculate FICA Social Security taxes payable and FICA Medica taxes payable. Prepare the journal entry to record Royal Company's January 8 (employee) payroll expenses and liabilities.

  Advise graham of assessability-deductibility of his wagering

Advise how each of the items (i) to (xiii) would be treated for tax purposes. You must cite the appropriate section of the Acts and relevant court authorities to support your treatment.

  Calculate amount of your income taxes if you were married

Calculate the amount of your income taxes if you were filing as a single individual. Calculate the amount of your income taxes if you were married and filing jointly.

  Ratio of cable tax to the satellite tax

what should be the ratio of the cable tax to the satellite tax? Discuss briefly the assumptions behind your calculation and discuss the incentive effects associated with this EMTR schedule, regarding the decision to join the workforce and to increas..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd