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!
Question - The accounting profit before tax of Swiftback Limited for the year ended 30 June 2021 is $1,400,000. This amount includes $15,000 of interest revenue. Interest received during the year was $20,000, which is assessable for tax when received.
Included in the deferred tax asset (DTA) balance at 30 June 2021 is an amount of $21,000. This relates to $70,000 in tax losses that may be utilised in the year ended 30 June 2021. The tax losses utilised are treated under the tax law as a tax deduction, thus reducing the taxable income.
The tax rate is 30%. What is the journal entry to recognise the current tax liability for Swiftback for the year ended 30 June 2021, including the utilisation of the tax losses?
Determine the profit earned or net loss incurred by the business. Beginning of the year Assets $105,000 Liabilities $50,000. End of the year Assets $140,000
What inventory costing method does Dow Chemical use? As of Q1 of 2019, what is the effect on cumulative pretax income and cash flow of using this inventory cost
Prepare the journal entry to record the purchase of these bonds on December 31, 2008, assuming the bonds are classified as held-to-maturity securities.
Find and show the true cash balance as of April 30? The April 30 bank statement for Trimble Corporation shows an ending balance of $38,944.
megamart plc is a medium sized retailer of fashion goods with some 200 outlets spread throughout the uk. a publicly
Which of the price-setting methods considers the price that other providers charge for the same product? competition-based method. / cost-plus method
The indirect method of reporting net cash flow from operations shows the operating cash receipts and cash payments. TRUE OR FALSE
Why is the materiality of a transaction or an event a matter of professional judgement
DuDu Head, Inc., has current assets of $2,750, net fixed assets of $12,100, What is the value of the shareholders' equity account for this firm?
computation of lossgain on retirement of bonds.on june 30 2007 country inc had outstanding 10 percent1000000 face
A stock had returns of 8%, 11%, -2%, 5%, and 13% over the past 5 years, respectively. What is the geometric average rate of return for this time period?
Explain What are the unique financial reporting implications of the Partnership entity in comparison with the Proprietorship and Corporate structures?
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