Firm h operates its business in state h, which levies a 6 percent sales and use tax. this year, the firm purchased a $600,000 item of tangible property in state k and paid $18,000 sales tax to the state. it also purchased a $750,000 item of tangible property in state l and paid $48,750 sales tax to the state. firm h transported both items of property into state h for use in its business.

Firm H operates its business in State H, which levies a 6 percent

sales and use tax. This year, the firm purchased a $600,000 item of

tangible property in State K and paid $18,000 sales tax to the state.

It also purchased a $750,000 item of tangible property in State L

and paid $48,750 sales tax to the state. Firm H transported both

items of property into State H for use in its business.

Compute the use tax that Firm H owes to State H for the property

purchased in State K

Use of tax = $18000

Explanation:

Sales and use tax in state h = 6%

Cost of property in state k = 60000

Use tax on on property in state k transferred to state h =

0.06 * 600000 = $ 36000

Sales tax paid in state k = $18000.

Use Tax owed = 36000 - 18000 = $18000

both are integral parts of a corporate balance sheet. the cash flow statement, or statement of cash flows, measures the sources of a company's cash and its uses of cash over a specific time period. the income statement measures a company's financial performance, such as revenues, expenses, profits or losses over a specific time period (in fact, it's sometimes called a statement of financial performance).

a cash flow statement shows exactly how much money a company has received and how much it has spent, traditionally over a period of one month. it captures the current operating results and changes on the balance sheet, such as increases or decreases in accounts receivable or accounts payable, and does not include noncash accounting items such as depreciation and amortization. the cash flow generally comes from revenue received as a result of business activity, but it may be augmented by funds available as a result of credit. a cash flow statement is used to determine the short-term viability and liquidity of a company, specifically how well it is positioned to pay its bills and vendors.

the answer is either c or b, i cant be to sure tho.