Reference no: EM133126371
Question - Divanee is a Neurosurgeon at the local hospital. However, the long hours have been very draining, and she has decided to take a leave of absence from the hospital and pursue her interest in blending coffee beans to find the perfect taste. She has incurred the following expenses:
1. Payment of $5,000 to the Australian Society of Neurosurgeons (Divanee has decided to maintain her membership during her leave of absence in case she decides to go back to work as a surgeon);
2. Donation of $500 to Medecins Sans Frontières (a registered Deductible Gift Recipient);
3. Donation of $1,000 to her local neighbourhood community house (a registered Deductible Gift Recipient). All donors are permitted to book the function room in the house for free up to 3 times per year. The normal booking fee would be $250;
4. She paid $500 for Newspapers which covered some health-related information; and
5. Travel cost $2,500 to attend a global conference in London.
Required - Advise Divanee as to her income tax consequences arising out of the above information.
|
What new cash dividend per share amount will result
: b. What new cash dividend per share amount will result in the same total dividend income as you received before the stock split
|
|
What is the probability that it is new
: If the account is overdue, what is the probability that it is new? If the account is new, what is the probability that it is overdue
|
|
Calculate the cost of the ending inventory
: Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system
|
|
What are issuer cash proceeds from issuance of these bonds
: Enviro Company issues 11.50%, 10-year bonds with a par value of $450,000. What are issuer cash proceeds from issuance of these bonds
|
|
Advise divanee as to her income tax consequences
: Travel cost $2,500 to attend a global conference in London. Advise Divanee as to her income tax consequences arising out of the above information
|
|
Prepare journal entry for marigold to record deferred taxes
: At the end of 2019, Marigold Corporation reported a deferred tax liability of $47,400. Prepare journal entry for Marigold to record deferred taxes
|
|
Determine the net realizable value of accounts receivable
: Allowance for Doubtful Accounts has a credit balance of $8,000; and sales for the year total $4,100,000. Determine net realizable value of accounts receivable
|
|
What is the total cost at the end of the month
: Given - Cost of an ice cream cone per unit: $1 and Cost of ice cream per unit: $2. What is the total cost at the end of the month
|
|
Write down firm profit function
: Solve for equilibrium prices in the following differentiated product Bertrand model.
|