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XYZ Pvt Ltd is a private company incorporated in Australia, and manufactures handbags. The opening balance of XYZ Pvt Ltd's franking account on 1 July 2010 was $nil. During the 2010/11 income year the events listed in the franking account table below occurred:
Prepare the franking account for XYZ Pvt Ltd for the income year ended 30 June 2011.
Date
Activity
Provision
DR
CR
Balance
1 July 2010
Opening balance
$0
21 July 2011
Received fully franked dividend $21,000
31 July 2010
Paid FBT $18,000
10 August 2010
Received $12,000 dividend franked to 70%
15 Sept 2010
Received income tax refund of $4,600
5 Oct 2010
Paid PAYG instalment of $12,000
1 Dec 2010
Paid $14,000 dividend fully franked
4 April 2011
Paid PAYG instalment of $11,000
Atlanta Company stock is expected to follow an exponential growth rate. The relationship between the current stock price P0, future price PT after time T, and the continuously comp
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Small Steps sells step stools. Their budget information is shown below. selling price: $40 per stool Variable expense:$30 per stool Fixed Expense:$24,000 use the above inform
draw up statements of affairs to show the profit or loss for the year
You have just been assigned to replace the current Project Manager for a very important project. You were provided a WBS for the project planning that had already been conducted,
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