User Account

All Pages

How would account the when calculating for taxable income

Assignment Help Accounting Basics
Reference no: EM132460592

Question 1: How would you account this when calculating for taxable income.

Point 1: Temporary investment were sold for $53,500, resulting in a gain on sale of $14,000 based on the difference between the selling price of the investments and the net book value of those investments of $39,500. The investments originally cost $29,400.

Point 2: There was an unrealized holding gain on temporary investments of $8,200

Point 3: There were brokerage fees of $2,000 on the sale of temporary investments noted above.

Reference no: EM132460592

Questions Cloud

How would owning and operating a small family business : How would owning and operating a small family business, like WorldCom at a time in history with rapid development and growth, create potential temptations
What evidence to support testimony as an expert witness : What facts would you highlight and include in evidence to support your testimony as an expert witness? this is in the world com fraud case
What is the present value of growth opportunities : If Sepia goes forward with the plan, what will be its new stock price? What is the present value of growth opportunities?
Finding the current us treasury yield curve : You are an intern with First Bank, and have been asked to develop estimates for yield spreads that would be appropriate for corporate bonds
How would account the when calculating for taxable income : How would you account this when calculating for taxable income.There was an unrealized holding gain on temporary investments of $8,200
Calculate the price that biti bank paid to purchase bond : Calculate the price (PB) that Biti Bank paid to purchase the bond. Give your answer in dollars and cents to the nearest cent.
ITECH1400 Recycling Machine Assignment Problem : ITECH1400 - Foundations of Programming - Recycling Machine Assignment Help and Solution, Federation University Australia. Part 1 - Class Design
Describe the three functions of accounting : Describe the three functions of accounting Apply the accounting vocabulary Record various business transactions in accordance with generally accepted accounting
What was his annual rate of return on this sculpture : Assume a bronze sculpture sold in 2003 at auction for a price of $10,381,845. Unfortunately for the previous owner, he had purchased it in 1999 at a price of $1

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd