Use the Information Below to Answer the Following Questions

question 30

Multiple Choice

Use the information below to answer the following questions:
On 30 June 2012, Albion Ltd calculates that its 2012 income taxes are $4 570 000. On 15 December 2012, Albion Ltd mails its cheque for this amount to the Australian Taxation Office.
-What is the journal entry made by Albion Ltd on 15 December 2012?

• A) DR Income tax expense
• CR Income tax payable
• B) DR Income tax payable
• CR Cash
• C) DR Income tax expense
• CR Cash
• D) DR Income tax payable
• CR Income tax expense

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Definitions:

Motor Development

The gradual progression of muscle control, movement skills, and physical coordination in infants and children.

Middle Childhood

A developmental stage that typically encompasses the ages of 6-12 years, characterized by significant growth and development in social, cognitive, and emotional areas.

Sex Differences

Refers to the biological and physiological distinctions between males and females, often influencing physical, cognitive, and behavioral aspects.

Attention Deficit Hyperactivity Disorder

A neurodevelopmental disorder characterized by patterns of inattention, hyperactivity, and impulsivity that are more prevalent and severe than typically observed in individuals at a comparable level of development.