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Question - NSCIS Corporation, a retailer, has a gross sales of Ph13,000,000 with cost of sales of Ph5,200,000 and allowable deductions of Ph1,300,000 for the taxable year ending June 30, 2021. Its total assets of Ph145,000,000 as of June 30, 2021 per Audited Financial Statements includes the land costing Ph50,000,000 and building of Ph20,000,000 in which the business entity is situated, with an aggregate amount of Ph70,000 as Fixed Assets. Taxable year 2021 is the 4th year of operation of the corporation, compute the Income tax due.
Safeco Insurance Company insured Driver Fitzwater at an annual premium of $3,300. Compute the amount that the one month of insurance cost Fitzwater
The long-term liability for deferred income taxes arises because
Assume that Donna is right to resist Thomas' demands for aggressive accounting. What are her options and the consequences of each of the options?
deer company approaches core with a special order for 15000 units at a price of 8.50 per unit. variable costs will be
jerry graves and bonnie moss decided to form a partnership. graves will contribute 300000 to the partnership while moss
Purpose: Identify summary information about companies. This information includes basic descriptions of the company's location, activities, industry, financial.
Question - Using the Accounting Equation to Analyze Transactions - Analyze each transaction's effect using the accounting equation, if needed
Discuss what this law will mean from the perspective of a business, a customer, and an employee. Currently congress is in the process of trying to pass a second
rosiek corporation uses part a55 in one of its products. the companys accounting department reports the following costs
Dell, in the process of selling his dairy to Alice, tells her it has been operating profitably for the last year and presents her with appropriate records to review. Alice reviews the records,
Assume that Sarazan Company has a share-option plan for top management. Each share option represents the right to purchase a $1 par value ordinary share in the future at a price equal to the fair value of the shares at the date of the grant.
in december one of the processing departments at stiel corporation had ending work in process inventory of 38000.
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