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Question - Your client, Ethel is a single woman aged 68 years who owns her own home. She has no debts and has the following income and assets:
$250,000 Balanced superannuation fund with aware super
$400,000 Two bedroom apartment in Dubbo, NSW (Primary residence)
$300,000 One-bedroom apartment in Orange, NSW
$20,000 p.a. Rental of Orange apartment (net of costs)
$5,000 p.a. consulting income from decorating work
Assess Ethel's eligibility for the aged pension at 1 July 2020 and determine what fortnightly amount she could receive. Show all working.
How do you get the amount of revenue, expense, and net income for each of the four years under the following revenue recognition methods
What amount of cash disbursement for rent would be reported in Company's net cash flows from operating activities for 2014 presented on a DIRECT BASIS
Prepare the statement of profit or loss and other comprehensive income of the company according to the function of expenditure method
If the company uses the gross method to record sales made on credit, what is/are the debit(s) in the journal entry to record the sale
Assume that certain assets were sold for P370,000 and the rest of the noncash assets were sold at a loss of P210,000. How much cash will be distributed
Alpha Company provided the following data concerning its income statement: sales, $1,000,000; Calculate how much is net income
Compute the impact of these convertible preferred shares on Marlboro's diluted earnings per share. Round your answer to two decimal places.
the following information was taken from the ledger of jefferson industries inc.direct labor85000administrative
Common shares, no-par value; authorized, unlimited shares; issued, 5,800,000 shares, outstanding, 5,500,000 shares. Calculate the balances in equity accounts
the following information pertains to auburn company. assume that all balance sheet amounts represent both average and
collegebooks company has two locations downtown and on campus. during march the company reported net income of 237000
on 1-1-2008 holmes co. borrowed cash from first city bank by issuing an 80000 face value 3-year term note that had a 7
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