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Question: 1. Business organizations can be classified into different legal forms. List and briefly explain the different forms of business organizations
2. IAS 16 Property, plant and equipment identifies and describes two different models of accounting for tangible non-current assets. Discuss the importance of these two models
3. For recording liability , the IASB Framework lists a number of different measurement bases which are employed in different degrees and in varying combinations in financial statements. Discuss these bases with examples.
khole company imports gift items from overseas and sells them to gift shops and department storees through out the us.
The stock's market value is $12 per share. Calculate diluted earnings per share. The marginal tax rate is 30%
Prepare journal entries pertaining to this transaction for January 1, 20X5, and December 31, 20X5, together with a summary journal entry to record the cost
1. What is the name of your corporation? 2. Where are the corporate headquarters? What is the corporation's fiscal year end? 4. What are the primary products or services of the corporation?
cash flows from operating activities - direct methodthe cash flows from operating activities are reported by the direct
They expect to receive an additional reimbursement of $1,000 in January 2015. Determine the maximum deduction allowable for medical expenses in 2014
Provide the relevant journal entries to account for the tax effect of each of the following on 30 June 2017, showing your calculations
Organize the class into teams. Each team must prepare a list of 10 internal controls a consumer could observe in a typical retail department store.
Prepare journal entries to record (a) issuance of the note, (b) accrual of interest on December 31, and (c) payment of the note at maturity
The company bought 10, 625 pounds of iron at a cost of $25,500. What are the material price and quantity variances for June
Advise the Capital Gain Tax Consequences for the transactions. Taryn sold her gold necklace for $2,000 on 20'th March 2020, she bought it for $1,200 on 8'th Aug
Tim purchased an acre of land as an investment which he paid $220000,plus closing costs of $2200. What is his Long-term Gain/Lost?How
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