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Question - A citizen who is married, had the following data in 2000:
Gross revenues from services P400,000
Capital gain on sale of asset held for 2 years 10,000
Dividend from resident corporation 15,000
Direct costs of the services 100,000
Capital loss on sale of asset held for 6 months 5,000
Required -
1. What is the taxable income if the taxpayer had chosen itemized deduction?
2. What is the taxable income if the taxpayer had chosen optional standard deduction?
The first note payment consists of $3,900 of interest and $11,531 of principle repayment. Journalized the first annual note payment
Lumis had made charitable contributions in the preceding year that could not be deducted due
What level of responsiveness would be most appropriate for Nordstroms supply chain
Balance off the ledger accounts and extract a trial balance at 31 December 2019. transactions in General Journal and prepare "T" ledger accounts
george wilson purchased bright light industries common stock for 47.50 on january 31 2010. the firm paid dividends of
What is the sales price variance for the two products?
Explain the difference between management responsibility and the company external auditors responsibility regarding the company internal controls under Section 404 of the Sarbanes Oxley Act.
Provide one specific, real-life example of how either financial accounting helps external stakeholders make informed decisions or how managerial accounting helps managers to improve operational and financial performance.
In April, technicians in Firestone spent a total of 8,980 direct labor hours (paid $191,000) and performed 4,790 brake repairs. Compute the direct labor rate
Question - You are employed by a business consulting firm as an information system specialist. Who designs and install accounting system
Question - Explain the advantages and disadvantages of disclosing gain contingencies for a financial statement user
following are the amounts of the assets and liabilities of st. kitts travel agency at december 31 2010 the end of the
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