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Question - Answer the following while applying the Philippine laws of business taxation (Train Law,Create law, etc.)
Cruz sold a certain property for P100,000. At the time of sale, the property had a fair value of P500,000. The property was previously acquired at cost of P40,000. For taxation purposes, how much shall be subject to transfer tax (in this case, donor's tax)?
a. P40,000
b. P100,000
c. P400,000
d. P460,000
pack in taxi service uses the units-of-activity method in computing depreciation on its taxicabs. each cab is expected
What and how does future technological innovation such as artificial intelligence and accounting software automation impact on accountant skills
How large would the annual net cash inflows from the intangible benefits have to be to make this a financially acceptable investment
Because of an increase in the sales tax from 4 percent to 5 percent and the expected hosting of several large conventions in 2013, sales tax revenues are expected to increase by 20 percent.
Question - The Footage Company accumulates the following cost and market value data at April 30, 2020. What is the lower-of-cost-or-market of the inventory
Rydell Company estimated that the remaining life of the machinery is 5 years with a salvage value of $2,000. What will the depreciation expense be in 2014
Read the following three situations. Describe what you would do in EACH situation. Integrate the elements of reasoning and intellectual standards in your.
For each entry above make a correcting entry if necessary. If the entry given is correct, then state "No entry required."
During July, the direct labor cost was $43,500, raw materials purchases were $64,000, and the total overhead cost was $108,750.
during the period teens trends sold some excess equipment at a loss. the following information was collected from the
How much is the Interest income recognized during 2020? How much is the value of notes receivable as of December 31, 2020?
15,000 flanges this period their competitor sells flanges for 8.25 each. can company sell below competitor price and make a profit on the flanges
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