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Question - Mr. Johnson had a gross compensation income (net of exclusions) of P200,000 and gross income from trading of P1,000,000 (from gross sales of P2,000,000) and related business expenses of P400,000. Compute for the taxable income.
A company declared a $0.80 per share cash dividend. What is the journal entry to record the dividend declaration
Prepare general journal entries to record the above transactions and the depreciation journal entries required at the end of each reporting period up to 30 June
Sales 307,750 Sales discounts 5,850 Sales returns 11,690 Total administrative expenses 15,700 Total selling expenses 37,240 How much is net sales
Commands a market rate of return of 13.8 percent, and sells for $19.08 a share. What is the expected amount of the next dividend?
Payments for purchases are made in the month after purchase. Prepare a schedule of budgeted cash disbursements for August and September
How would you explain it to the owner. The business owner is questioning why you as his accountant did not include the P 200,000 equipment
He covers all of the household expenses of his mother Barbara who lives down the street. Barbara has gross income of $4,500. Can Ned file as head of household
How many classes of capital stock is Chipotle authorized to have? How many shares of common stock is authorized to be issued each year?
If you were the IS manager for a large manufacturing company, what issues might you have with the use of open source software? What advantages might therebe for useof suchsoftware?
The President of EEC recently called a meeting to announce that one of the firm's largest suppliers of component parts has approached EEC about a possible purchase of the supplier.
The loan is for $32,000, and the monthly payments are $620. If the loan will be paid off over the next 60 months, what is the APR of the loan?
What amounts of the current general business credit and carryovers are utilized against the 2008 income tax liability? What is the amount of unused credit carried forward to 2009?
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