An Extract from the Trial Balance of RRR Pty Ltd

question 23

Multiple Choice

An extract from the trial balance of RRR Pty Ltd as at 30 June 2018 shows: Income tax expense $20,000
If the income tax provided for at the end 2017 was $12,000 and taxation is paid in arrears in a lump sum, what amount will appear in the statement of cash flows for taxation paid by RRR Pty Ltd for the year ended 30 June 2018?

• A)$20,000.
• B)$12,000.
• C)$16,000.
• D)Nil.

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Definitions:

Filtered Molecules

Substances that have passed through a filtering process, often referring to molecules separated based on size or charge, especially in biological and chemical contexts.

Aging

A biological process involving the accumulation of changes in an organism over time, leading to a gradual decline in physiological functions and increased susceptibility to diseases.

Nephrons

The functional filtration units of the kidney, responsible for removing waste and excess substances from the blood.

Homeostasis

State of equilibrium in the body with respect to functions and composition of fluids and tissues.