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Question - Carlo sold his house for PhP8,000,000. The real-estate agent got a 5% commission from the sales. From his commission, he has to pay BIR tax and other obligations required for the transfer of ownership of the property to the buyer. This expense represents 6% of his total commission. How much net amount will he receive?
beverly hills started a paper route on january 1 2004. every three months she deposits 650 in her bank account which
What are the differences between regular and irregular items on an income statement? What are the requirements for items to qualify as irregular
Explain why transfer prices based on total actual costs are not appropriate as the basis for divisional performance measurement
Beige Company has approximately $400,000 in net income in 2008 before deducting any compensation or other payment to its sole owner, Janet (who is single). Assume that Janet is in the 35% marginal tax bracket. Discuss the tax aspects of each of th..
Clair received rent income of $6,000 on a beach house she inherited three years ago from her uncle Charles
Ethyl owns an undeveloped parcel of investment parcel of investment real estate, How should the gain be allocated between Ethyl and Fred
Interest is paid semiannually, the bond has a $1,000 par value, and the coupon interest rate is 9 percent. Compute the yield to maturity for the bonds
Demonstrate the use of the normal distribution, the standard normal distribution, and the central limit theorem for calculating areas under the normal curve
On October 1, 2016, Acme Fuel Co. contracted to sell 450,000 gallons of heating oil to Karn Co. at $3 per gallon. What amount of revenue should Acme recognize from its sale to Karn during 2016 and 2017
What is included in other comprehensive income? Why are items included in other comprehensive income, but not included in net income
Wie Company has been operating for just 2 years, Where should a discount or premium appear in the financial statements
Prepare a statement of cash flows for Prince Corporation for the year 2004
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