menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 3: The Accounting Information System
  5. Question
    A Paid Income Tax Instalment
Solved

A Paid Income Tax Instalment

Question 87

Question 87

Multiple Choice

A paid income tax instalment


A) increases assets and shareholders' equity.
B) decreases assets and shareholders' equity.
C) increases assets and decreases shareholders' equity.
D) decreases assets and increases shareholders' equity.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q82: When an asset increases which of the

Q83: A list of accounts and their account

Q84: The Dividends Declared account<br>A)appears on the statement

Q85: A simple journal entry affects<br>A)one account.<br>B)two accounts.<br>C)two

Q86: If a journal entry is posted twice,

Q88: Which account below is not a subdivision

Q89: The procedure of transferring journal entries to

Q90: Which of the following accounts probably would

Q91: A credit to an asset account indicates

Q92: Deferred revenues are classified as<br>A)assets on the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines