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Question - You bought a house with a 30-year mortgage with loan size $200,000 and interest rate 5%. Assuming the total transaction cost is $5,000 and your marginal income tax rate is 25%. What is your tax deduction for the 3rd month?
a. $207.83
b. $201.35
c. $219.83
d. $301.94
What is the investment in BB account as of November 30, 2016? On September 30, 2016, branch AA collected branch BB's accounts receivable of P80,000
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Prepare the journal entry to record the issuance of the bonds - Prepare the journal entry to record the payment of interest.
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Carlton (private) University received the following pledges during 20X5: Jane Baker pledges $30,000 to be used for student scholarships. As a result of a pledge drive, $400,000 is pledged to be paid by the end of the accounting year. Ten percent of ..
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What are the benefits of keeping track of personal transactions - income and expenses - in an organized manner
The customer paid Fox Auto the amount due on March 31. Under the accrual basis of accounting, which of the following statements is true?
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