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An employee in the public sector receives the following per month: Basic salary of L.E. 600 (out of which L.E. 150 Special increment), housing allowance of L.E. 150, representation allowance of L.E. 200, Overtime wage of L.E. 460; and an annual production incentives of L. E. 300. He also gets a business car under his full disposal whose annual maintenance costs L.E. 1000; and business mobile phone, knowing that his annual bills were L.E. 1800. Required: Calculate total taxable revenue for this employee at year end.
if the current ratio increases from one year to the next it does not necessarily follow that the amount of working
Please help me explain the following concepts: A conclusion stating how you think sound financial reporting depends on principles, assumptions, and constraints. Refer to the U.S. GAAP in your response.
States and municipalities, New York City being the first, sold bonds backed by the future payments of the tobacco companies. What are these bonds called?
Griggs Company holds $50,000 of 8% bonds as a held-to-maturity security. Which of the following is the correct journal entry to record the receipt of the semiannual interest payment.
four flags is a retail department store. on january 1 2012 four flags accountants used the following data to develop
jagger and richards formed a partnership investing 3600000 and 2100000 respectively. the partnership agreement calls
The prepaid insurance involves a 3-year fire insurancepolicy that was purchased (and went into effect) on January 1,2007. By the end of the year, apportion of the insurance policy had been used up.
a product sells for 255 per unit and its variable costs per unit are 153. the fixed costs are 416000. what is the
on april 30 2011 witt corp. had outstanding 8 1000000 face amount convertible bonds maturing on april 30 2019. interest
Which extended the useful life of the truck for an additional two years beyond that originally estimated (salvage value is still estimated at $24,000). In computing depreciation for annual adjustment purposes, expense is calculated for each month ..
a company estimates that ordering costs are 4.00 per order picking costs are 3.00 per unique item ordered packing costs
Hillary Company purchased a new machine on September 1, 2007, ata cost of $96,000. The company estimated that the machine has asalvage value of $6,000. The machine is expected to be used for 70,000 working hours during its 8-year life.
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