What amount should be reflected in item

Assignment Help Accounting Basics
Reference no: EM133141524

Question - Jackie Inc. made the following capital transactions on a domestic share not listed in the exchange

January 15 - purchased 25,000 shares at P16 each

January 31 - purchased 10,000 shares at P20 each

March 1 - sold 20,000 of January 15 shares at P15 each

April 25 - sold 8,000 of January 31 shares at P25 each

Required - On the annual OGT return, what amount should be reflected in Item 21?

Reference no: EM133141524

Questions Cloud

Show journal entries to implement the transactions : At that date, a further call of $2 on ordinary shares and $1 on preference shares was made. Show journal entries to implement the transactions
Introduction of bed bureau to healthcare supply chain : What benefits can be drawn from the introduction of a Bed Bureau to the healthcare supply chain?
What is the amount of gain or loss to be recognized : 2. What is the amount of gain or loss to be recognized by WAVY Company in its income statement as a result of reclassification
Define marketing. : Define Marketing. Marketing, especially "Promotion," has been criticized as adding unnecessary cost to products and increasing both consumer and business costs.
What amount should be reflected in item : On the annual OGT return, what amount should be reflected in Item 21? January 15 - purchased 25,000 shares at P16 each
Brief history of berkshire hathaway : Question - Please do a brief history of Berkshire Hathaway, what it produces and why you this particular stock
Educational accomplishments : Many potential employers and managers considering employees for promotion will ask you to reflect back on your educational accomplishments.
How much of the expenditures should be capitalized : Research and development laboratory expenses 500,000 Metal used in the construction of the machine 160,000. How much of the expenditures should be capitalized
Echo delta and social media marketing : Explain what a Digital Dashboard is and how it can be of use to monitor activity in real time. why the corporation needs to utilize such technology.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are two tactics rob can use without leaving his job

Review "Resisting Requests to Act Unethically" in the textbook. What are two tactics Rob can use without leaving his job

  ACCT 302 Cost Accounting Assignment Problem

ACCT 302 Cost Accounting Assignment Help and Solution - University of San Diego, USA.

  What the taxpayer depreciation on the computer would be

Explain what the taxpayer's 2018 depreciation on the computer would b? If this was the only property placed in service during 2017.

  Hunt company is considering purchasing a competing company

hunt company is considering purchasing a competing company in order to expand its market share. estimates of the excess

  What is the realized tax gain on the sale of the g550

What is the realized tax gain on the sale of the G550?

  What is the future value

What is the future value (at the point in time when the Woodsons want to retire) of the $20,000 retirement account if it grows by 6% per year

  How much should be the price of the offers

If you want to maintain the level of earnings presented in the Income Statement. How much should be the price of the offers individually for each Job

  Discuss the concept of conservatism

General Motors and Ford use LIFO method to value their inventories. Honda and Daimler Benz use FIFO method. Discuss the concept of conservatism

  Explain how financial statements assist in the capital

explain how financial statements assist in the capital allocation process. how are financial statements limited? which

  Why accounting information is so important to managing

Why accounting information is so important to managing a business. What benefits does an accounting information system provide to stakeholders?

  Which transactions would not utilize the section rate

Which transactions would not utilize the "Section 7520 rate" to calculate the value of the transfer? A transfer of property to a spouse.

  Compute the annual net income exclusive of depreciation

The project cost $190000, has a 5-year useful life, and has no salvage value. Straight-line depreciation is used. Compute the annual net income

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!

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