User Account

All Pages

What is the claimable input VAT

Assignment Help Accounting Basics
Reference no: EM132977000

Problem - A VAT-taxpayer imported vatable goods from a non-resident person who is not engaged in trade or business. The goods which were intended to be re-sold in the Philippines had a landed cost of P150,000. What is the claimable input VAT? Which of the following when sold will result in an output VAT?

Reference no: EM132977000

Questions Cloud

What is the variable cost variance : The company expects a contribution margin of 25% and has budgeted fixed costs of 10,000. What is the variable cost variance
Choose between two unpleasant options : You recently made a decision at work. The firm was in a difficult position and you had to choose between two unpleasant options. Option 1 had a 25% chance of su
Which graduate qualities is the sa department of treasury : Which graduate qualities is the SA Department of Treasury and Finance looking for in students that it accepts into its annual graduate intake?
Which of the key roles did the sa treasury not play : Which of the key roles did the SA Treasury NOT play in responding to the GFC crisis beginning in 2008? Which is a contemporary function of the SA Treasury?
What is the claimable input VAT : The goods which were intended to be re-sold in the Philippines had a landed cost of P150,000. What is the claimable input VAT
What was the purpose of establishing the south australian : What was the purpose of establishing the South Australian Financing Authority (SAFA) fin 1982? Managing the majority of the State's debt
What is the deductible family home : The lot had an assessed value of P15,000,000, zonal value of P18,000,000 and an independent appraisal value of P25,000,000. What is the deductible family home
Which was not part of that restructuring : Ron Barnes became Under Treasurer in 1976 and set about implementing the report's recommendations. Which of the following was NOT part of that restructuring?
Who was the sa finance executive officer : Who was the SA finance executive officer who in the 1930s began advocating that without government intervention, an economy could remain depressed

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much cash interest will be paid every six months

Youngblood Enterprises plans to issue $750,000 face value bonds with a stated interest rate of 10%. How much cash interest will be paid every six months

  Polaris ltd is a public company

Polaris Ltd is a public company which is listed on the Australian Securities Exchange and has numerous small shareholders. Polaris Ltd owns 35% of the issued ordinary shares of Beta Ltd. The remaining shares of Beta Ltd are widely distributed among n..

  Brisbane uniform company

Brisbane Uniform Company (BUC) specializes in providing uniforms to hotels and restaurants. BUC is a new company from Australia trying to break into the U.S. market. They have had trouble breaking into larger accounts (Marriott, Hilton, Sheraton) ..

  Identify the characteristics of relevant costs

Melissa McKenzie purchased a second-hand car off Trade Me at the beginning of last year for $10 000. During the year she has owned the car, she has incurred.

  Flexible budget for dandy jeans company

Prepare a flexible budget for Dandy Jeans Company using production levels of 16,000, 18,000, and 20,000 units produced. The following is additional information necessary to complete the budget:

  Prepare a table showing the company working capital

Ready Corporation began the month of June with $280,000 of current assets, a current ratio of 2.8:1, and an acid-test ratio of 1.2:1.

  How to prepare the necessary entry to record the transaction

Prepare the necessary entries to record the transactions related to intangibles. All costs incurred were for cash. (Record entries in the order displayed)

  Prepare the journal entry to record the issuance of the bond

Prepare the journal entry to record the issuance of the bonds,determined for the Sands Company bonds. Interest is payable on December 1 and June 1.

  Determine the corporation income tax liability

Determine the corporation's income tax liability. Assume that all corporations use a calendar year for tax purposes and that the tax year involved is 2019

  What are some advantage of issuing common stock

What are some advantage of issuing common stock as opposed to bonds? What are some disadvantages?

  On january 1 2001 mcarthur corp sold land having a fmv of

on january 1 2001 mcarthur corp. sold land having a fmv of 300000 in exchange for a 5-year zero-interest bearing

  Question - variable costing problem

Question - Variable costing problem. Company uses absorption cost based on machine hours. Calculate product cost of product X using variable cost

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