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Question: Taylor Ltd is a retailer registered for GST and accounts for GST on accrual basis. During April 2018 the company sold products for $48,400 (including GST). Purchases of goods sold during April were $26,400 (including GST). In addition, the company paid $4,000 plus GST for consulting services received in April. What is the journal entry to record the remittance/refund of the GST to/from the taxation authority?
The accountant for Crusoe Company is preparing the company's statement of cash flows, The amount of cash dividends paid during the year would be
Calculate the amounts Lionel can deduct for interest on higher education loans under the following circumstances: Lionel's AGI before deducting interest
responsibility for the fixed cost volume variance ragan company expected to sell 400000 of its pagers during 2011. it
Suppose that the cost of products sold is the only variable cost; selling, general, and administrative expenses are fixed with respect to sales.
The company's fixed costs are $1,800,000 per year. Compute the volume of sales in units of each product needed to: break even
Explain the basic components of cost-volume-profit (CVP) analysis. Why is it important to determine a company's break-even point
Determine the proceeds of the note, assuming the note carries an interest rate of 9%
Money distributes securities worth $1,000,000, with an adjusted basis of $800,000. Determine the Federal income tax effects of these transactions
What is a business process? Why is adopting a process view of organizations essential to becoming a successful manager? What is an enterprise system? Discuss the three types of data in an enterprise system and how they are related?
Diamond Company produces a chair that requires 5 yds. of material per unit. Determine the (a) price variance, (b) quantity variance, and (c) cost variance
Prepare a multiple-step income statement and a retained earnings statement for the year ended, as well as a classified balance sheet as of December 31, 2010
Cindy, who is self-employed, maintains an office in her home that comprises 26% (400 square feet) of total floor space. What is Cindys office in home deduction
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