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Question 1: Kenjy used to bet in PCS0 lotto. On June 3, 2014, he won the P20, 000,000 jackpot prize from the 6/45 lotto. One P20-ticket out of 10 bets took the prize. How much is Kenjy's total income subject to tax?
What is consolidated net income for Placid Lake and its subsidiary? Placid Lake Corporation acquired 70 percent of the outstanding voting
Calculate and allocate the impairment loss to individual assets and suggest journal entries for Advanced Institute Limited
If a manufacturer ships merchandise to a retailer on consignment, the unsold merchandise should be included in the inventory of the?
Compute the flexible-budget variance, the spending variance, and the efficiency variance for variable overhead for March. Provide appropriate journal entries to record the variable overhead spending and efficiency variances.
describe the difference between autonomous expenditure and induced expenditure. Which sectors of the economy are assumed to have both types of spending and which are not? Explain your answer.
If you plan to live another 30 years after retirement, how much can you take out each month if you start withdrawing 1 month after retirement?
The entity uses the successful effort method. What is the oil and gas exploration expense to be reported for the year
Sunshine Company acquired equipment on January 1, 2015, for $40,000. Sunshine elects to value this class of equipment using revaluation accounting as permitted by International Financial Reporting Standard. This equipment is being depreciated on a st..
They don't have the slightest idea what return they would be making on their investment of $14,680.37. What rate of return would they be earning
Loss is P330,000 and the partners have no written partnership agreement. Prepare the necessary journal entries for each
Suppose interest income tax rate suddenly increases (e.g. to 50%). What is the impact on the demand curve of lending? What is the impact on supply curve?
Discuss relationship between business risk and beta. Explain why certain shareholders would have a preference on receiving dividends and on the amount
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