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Question - DONOTCOPY Co.s' plan assets is shown below:
Fair value of plan assets, Jan. 1 2,000,000
Interest income (actual) 400,000
Unrealized gains from fair value changes (actual) 200,000
Costs of managing plan assets 40,000
Tax on gross returns 10%
Discount rate 12%
Required -
a. How much is the return on plan assets?
b. How much is the ending balance of the fair value of plan assets?
c. How much is recognized in profit or loss and how much is recognized other comprehensive income?
Jasmine lives with her parents and she is their dependent. Assuming her parents' marginal tax rate is 28%, what is Jasmine's gross tax liability
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batista corporation has been incorporated for 30 years. its current paid-in capital is shown to the right. batista has
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Ending inventory at year-end costs in order are $494,400 with cost index 1.03, $569,250 with cost index 1.15, and $586,850 with cost index 1.21. Calculate Taylor's ending inventory for 2013, 2014, and 2015.
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JC Accounting performs two types of services, Tax and Consulting. JC's overhead costs consist of computer support, $200,000; and legal support, $100,000. Information on the two services is:
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