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On June 20, 2019, Mitch purchased 10,000 shares of common stock of Sarah Company at P50 per share. The par value of stocks is P30 per share. Thirty days after, Mitch sold the stocks at P65 per share.
Question a: How much is the capital gains tax on the sale if
(1) the shares are listed and traded in the Philippine Stock Exchange?
(2) the shares are not listed and traded in the stock exchange?
(3) Mitch is a domestic corporation?
(4) Mitch is a foreign corporation?
Depreciation for the year is estimated to be $3,730. Prepare the adjusting entry for depreciation at December 31
Au Sable is an accrual basis taxpayer. The corporation's current earnings and profits for 2010 would be
What factors should be considered in determining which fund to report the trust activities? 150 words or more list any ref used
Refer to content in Chapter 5, as well as research from your own external sources to design a ‘logic model', and write a summary of the activity outputs, intermediate outcomes, and end outcomes.
in 2012 joan accepted and received a 10000 award for outstanding civic achievement. joan was selected without any
dorsey co. has expanded its operations by purchasing a parcel of land with a building on it from bibb co. for 93000.
bracy company acquired a new piece of construction equipment on january 1 2013 at a cost of 100000. the equipment was
Briefly - in 150 words or less - describe the effect of cost structure on profitability, including recommendations for each company given the current economic environment, as you understand it.
for each of the following unrelated situations prepare the necessary adjusting entry in general journal formjuly 31sta.
zelinsky electronics was recently formed as a proprietorship. the balance of each item in the companys accounting
Jesse's grandfather dies on April 13 of the current year. Jesse inherits the following property: What is Jesse's basis in the property if the executor.
Discuss the advantages and disadvantages of issuing preferred stock versus bonds
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