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Question - A superannuation fund receives assessable interest and rental income of $500,000, incurs allowable deductions of $100,000 and pays retirement income stream payments to members of $90,000. What the tax payable by the super fund?
If the company paid out $515,000 in cash dividends during 2018, what was the cash flow to shareholders for the year
What controls should exist for inventory movements at the local store level and the central office? How the stocktake for Just Start Tools should be audited.
Notes payable of $440,000 is due on 31st January, 2020. For each item above indicate the dollar amounts to be reported as assets, liabilities or stockholders'
We will earn $12,000 per month. We will receive payment for our services on July 15, 2016. What dollar amount fees earned should we record
Why do believe that auditors are sued if they are not the party who has actually committed wrongdoing? How does law work for or against the auditing profession?
The building was subjected to a mortgage of $75,000 which Jo assumed. Her basis in the stock she surrendered was $10,000. Illustrate what is the amount of the gain she must recognize?
What is the expected monthly operating income if 206 customers are added? What is the expected electricity cost when 425 machine hours are used?
Mark invests $75,000 annually for each of 5 years for a particular period. The rate of return is currently10%. Determine the value of Mark's investment today
Based on your working on an amortisation table, how much principal and interest would have your company paid after the first four months of payments?
How could a company "cook the books", or falsify its accounting records by not making necessary adjusting entries? Explain in detail.
Briefly comment on the differences between the money market, the bond market and the stock market. While financial regulation can take many forms
The equipment cost ABC Company P 365,760 and has an estimated useful life of 5 years. Its normal sales price is P 365,760. How much is the annual lease payment
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