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Question - A taxpayer had on record, in his books of accounts of the following:
May 2 Purchase from a VAT supplier of goods to be sold, P50,000, VAT of P60,000, not included
May 12 Purchase from a non-VAT supplier, of goods to be sold, P90,000
May 15 Sale of P30,000
May 20 Payment of the April Percentage tax
May 28 Sale of P10,000
Required - How much is the percentage tax on May?
Income from operations 60,000 160,000. Compute the operating leverage for Varner Inc. and King Inc. If required, round to one decimal place
Mouser Company is evaluating a capital expenditure proposal with the following predicted cash flows
Design a chart of accounts for SDC. Explain how you structured the chart of accounts to meet the company's needs and operating characteristics
During the year, she paid $2,620 cash to replace a defective tuner. Prepare an income statement for Deloch's first year of operation
Myers Corporation has the following data related to direct materials costs for November: actual costs for 5,000, What is the direct materials price variance
the steps in the accounting cycle for a merchandising company are different from the accounting cycle for a service
the computers could be sold "as is" for $8,500. What is the net advantage or disadvantage of reworking the computers?
Please devote at least 1 paragraph to the ethical considerations of costing methods.
swift company purchased a machine on january 1 2010 for 500000. at the date of acquisition the machine had an estimated
the mars company applies factory overheads to production by meansof pre-determined rate based on expected actual
In August, Blue Spruce purchased $31,800 of merchandise inventory, and had sales of $46,900 on account. Prepare the summary entry to record sales for August
Based on your experiences over the last few weeks with Excel and Quick Books, examine the primary ways the course will help you with your future career
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