In its year 3 income statement, cere co. reported income before income taxes of $300,000. cere estimated that, because of permanent differences, taxable income for year 3 would be $280,000. during year 3 cere made estimated tax payments of $50,000, which were debited to income tax expense. cere is subject to a 30% tax rate. what amount should cere report as income tax expense?

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.

If an investment has 35 percent more nondiversifiable risk than the market portfolio, its beta will be:

Afamily wishes to save for future college expenses. which financial tool should the family invest in?