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Question - XYZ Co. is an HST registrant and started business on Feb 1, 2021. In February, they purchased $100,000 of inventory, had sales of $125,000, and purchased $30,000 of equipment. All purchases and sales were subject to 15% HST.
Required -
1. How much HST is owed/owing (refund) for February?
2. Prepare the journal entries to record the transactions for February.
Pratt Corporation, What percent of the dividends paid by Pratt is reported as dividends declared in the consolidated retained earnings statement
Deductions (except standard deduction) - P1,000,000. What the Net taxable estate if the spouses were under the absolute community of property
Cameroon Corp. manufactures and sells electric staplers for $16 each. If 10,000 units were sold in December, and management forecasts 4% growth in sales each month, the number of electric stapler sales budgeted for March should be:
During the year, contributions to the fund were $180,000 and benefits paid were $110,000. Compute Oxford's actual return on plan assets
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Prepare the journal entries for Green Day Corporation for both the date of declaration and the date of distribution.
Risk is a major concern of almost all investors. When shareholders invest their money in a firm, they expect managers to take risk with those funds.
For the fiscal year ended june 30 year 1, ocean oaks levied $2,000,000 in taxes. What would they record for revenue and receivable?
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On January 1, 2018, Alpha Corporation had 50,000 shares of $10 par value common stock outstanding. Determine the book value per share
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