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Question - Philippine Taxation 2020 (Train Law) - The following data is related to the compensation income of a private rank and file employee of SAMSAN TECH CORP during 2019:
Annual compensation income 540,000
13th month pay 45,000
14th month pay 45,000
Total monthly rice allowance during the year 26,000
Commission from employer 12,000
Christmas gift 8,000
SSS, PHIC and HDMF contribution P21,000
Required - Compute the exempt de minimis benefit?
A special district accounts for its general fund (its only fund) on a modified accrual basis. Prepare journal entries to record the transactions in general fund
Determine the contribution margin by glass type and the total company income from operations for the budgeted units of production
Discuss the advantages and disadvantages of each alternative. What do you think Debbie should do?
Name and describe one profitability ratio. What does this ratio measure? What is the formula for this ratio?
broucek inc. makes baby furniture from fine hardwoods. the company uses a job-order costing system and predetermined
Shinobi Inc. had a manufacturing plant in Darfur, which was destroyed in the civil war. How should the contingency be reported in the financial statements
capid corporation is a wholesaler of industrial goods. data regarding the stores operations follow bull sales are
On January 1, 2016 A company purchased as debt investment, In December 31 2016 statement of comprehensive income, what amount should report as interest revenue?
kolbys korndogs is looking at a new sausage system with an installed cost of 924000. this cost will be depreciated
at december 31 2010 the trial balance of olpe company contained the following amounts before adjustment.debits
Discuss the accounting for postretirement benefits prior to 1993 and under current GAAP. What are the key differences?
The following is an excerpt from a conversation between the chief executive officer, Kim Jenkins, and the chief financial officer, Steve Mueller, of BKX Group Inc.:
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