Identify the Journal Entry Required to Correctly Record Each of the Following

question 27

Short Answer

Identify the journal entry required to correctly record each of the following transactions.
-The amount of income tax previously estimated now paid.
A. DR Taxes payable $\quad$ CR Income tax expense

B. DR Income tax expense $\quad$ CR Taxes payable

C. DR Taxes payable $\quad$ CR Retained profits

D. DR Taxes payable $\quad$ CR Cash at bank

Distinguish between various defenses available in tort law such as self-defense, privilege, and consent.

Recognize the legal distinctions between direct and indirect actions that constitute the torts of assault, battery, and deceit.

Understand the principles governing torts related to property, including trespass and conversion.

Analyze the legal responsibilities and liabilities that arise in employment and reference-related torts.

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Definitions:

Authoritarian

A governance or leadership style characterized by strict adherence to authority and control, with little freedom for subordinates.

Strict

Involves rigid enforcement or exacting adherence to specified guidelines or standards.

Permissive

A parenting or leadership style characterized by low demands with high responsiveness, where rules are minimal and children are largely allowed to regulate their own behavior.

Video Games

Digital games played through the use of computers, consoles, or mobile devices, often involving interactive engagement and entertainment.