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Question - During the year ended 30 June 2015 Harry Ltd, pays quarterly PAYG tax instalments as follows:
$6000 on 28 July 2014
$2000 on 28 October 2014
$8000 on 28 February 2015
$10 000 on 28 April 2015.
On 30 June 2015, Harry Ltd determines its total current tax liability for the year to be $28 000.
Find the final tax instalment for the year?
a. payment of $2000.
b. payment of $8000.
c. payment of $28 000.
d. refund of $2000.
On January 20, 2018, Metlock, Inc. sold security A for $26,425. Prepare the adjusting entry at December 31, 2017, to report the portfolio at fair value
(Analysis of a budgetary comparison schedule or statement in a CAFR) Obtain a CAFR of a governmental unit, and read the budgetary comparison schedule.
Compute the cost of goods sold for the current year based on the LIFO method of inventory valuation and Refer to the above data. Compute the cost of the ending inventory based on the LIFO method of inventory valuation.
Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $3,456,448.
In January 2013, ProTech Co. pays $1,550,000 for a tract of land with two buildings.
Collections on account were P794,000 in 2018. Manufacturing overhead was 300% of direct labor cost. Calculate the Sales revenue and Cost of goods sold
Maddox Specialty Company, a division of Lost World Inc., manufactures three models of gear shift components for bicycles that are sold to bicycle manufacturers
Determine Hoyat Company's plant-wide cost driver rate, and calculate the overhead cost applied to production last year
Pieman plans to make 50 trailers this year, and an activity-based costing. Using this method, what will be the activity-based cost of building the trailer?
Journalize thy adjusting entries using the following additional accounts: Salaries and Wages Payable; Rent Revenue; Insurance Expense; Depreciation Expense-Building Depreciation Expense--Equipment; and Supplies Expense. Determine the balances of t..
Bank statement contains an ending balance of $300,000. Calculate the final cash at bank balance in the company's ledger after examining the information.
Evaluate whether legislation and regulatory agency oversight will increase or decrease corporate fraud. Explain your position.
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