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Question - A self-employed non-VAT individual availed of the 8% optional tax which resulted to an income tax liability of P188,000.
Required -
1. How much is the percentage tax due should it have chosen the graduated rates and the year is 2021?
2. How much is the percentage tax due should it have chosen the graduated rates and the year is 2024?
Prepare the necessary closing entries at the end of 2013, and post them to the appropriate T-accounts.
The owner opened a business account and deposited $60,000 in the bank. What is the balance of the cash account after unadjusted trial balance for the month
Querrey, Corp reported the following: Net, Deferred Tax Liabilities $10,000 increase. What is Cash Flow from Operating Activities
sanchez corporation uses the weighted-average method in its process costing system. the fitting department is the
Calculate the cost of new common stock.Calculate the weighted average cost of capital (WACC) for existing capital
Amortization Expense of $100, Interest Expense of $100, and Tax Expense of $50. All other Expenses were $500. What was the Company's EBITDA
James Corporation's actual operating income for the current year is $25,000. What is the sales volume variance for operating income
What is the difference between business process outsourcing (BPO) and knowledge process outsourcing (KPO)? Why do many organizations outsource at least some of their accounting functions?
Based on the above information, prepare the consolidation journal entries that Large Ltd will need to pass on 30 June 2020
The stockholders of Invercargill require a 17% return on their investment. Calculate the price of one share of Invercargill stock in 2005
Indigo Company borrowed $ 3,000,000 on March 1 on a 5-year, 10% note to help finance construction of the building. Compute avoidable interest for Indigo Company
Hankins Inc collects 25% of its net credit sales in month of the sale and 75% in the month following the sale. How much is Hankins Accounts Receivable balance
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