Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Peter Pang was employed by XYZ Company Limited at a monthly salary of $20,000 up to 30 June 2012. In addition to his salary, the company also paid him a housing allowance of $5,000 per month, but he actually lived in his own property on Hong Kong Island.
On 1 July 2012, Peter was promoted to manager with a revised monthly salary of $30,000. He moved into the company's quarter at a rent of $3,000 per month payable to XYZ.
In December 2012, Peter was sent to London on a business trip for a month and resided in a London hotel. The company paid all the hotel accommodation expenses, which amounted to $24,000. During his stay in London, his family continued to reside in the company's quarter.
You are required to compute the assessable income for the year of assessment 2012/13 for Peter Pang.
The buyer paid him $110,000 in cash, agreed to take the title subject to the $190,000 mortgage, and agreed to pay him $80,000 with interest at 9 percent one year from the date of sale. How much is Louis' recognized gain on the sale?
Adams, Inc., acquires Clay Corporation on January 1, 2012, in exchange for $510,000 cash. Immediately after the acquisition, the two companies have the following account balances. Clay's equipment (with a five-year life) is actually worth $440..
To alleviate the overstocing of refrigertors at a Minneapolis retailer, some were reshipped to a Kansas City retailer where they were still held in inventory at Decmber 31,2009. Happlia paid the cost of this reshipment. Happlia use the specific id..
An assessment made by the city for pavement was $6,400. Interest costs during construction were $170,000.
Preferred stock is used much less than long-term debt in the capital structure of most industrial and merchandising companies principally because
Jake Smith opened his Balinese coffee shop business in downtown Boise on January 1st 2010. On December 31st, 2010, he sat down with his accountant to figure out how his business had done in its first year and heaved a sigh of relief when his accou..
Determine the per share figures for common stock for (a) income before extraordinary items and (b) net income.
Sept. 6 Purchased calculators from Green Box Co. at a total cost of $2,441, terms n/30. Journalize the September transactions.
Donaldson Company can acquire a $650,000 machine now that will benefit the firm over the next 9 years. Annual savings in cash operating costs are expected to total $105,000. If the hurdle rate is 12%, the investment's net present value is?
The company prices its inventory at the lower of cost or market. If the market price for jet fuel at the end of the year is $4.50, how would this situation be reflected in the annual financial statements?
Prepare Journal Entries for the government based on the production of fund-based financial statements. Than prepare JE entries in anticipation of preparing governement-wide financial statements.
some disclosure notes are not always applicable to every business. However some are required to be included with financial statements. Which disclosures are required?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd