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Taxpayer commenced his business on 1 June 2016. He closes his accounts on 31 March each year, He ...
Adam filed his 2015 return on March 20, 2016. On June 15, 2016, he filed an...
Adam filed his 2015 return on March 20, 2016. On June 15, 2016, he filed an amendment to change his filing status from single to head of household (HOH). Adam's qualifying child for HOH is not a dependent claimed on his original return. What is Adam required to do on his Form 1040X? Incorrect
Pearl Berhad, a limited company, closes its accounts on March 31 every year. The company reported...
Pearl Berhad, a limited company, closes its accounts on March 31 every year. The company reported the following unadjusted trial balance on March 31, 2017: Debit Credit RM RM Revenue 1,049,800 Cost of sales 584,200 Intangible asset Property, plant and equipment (at book value) Long term investment 60,000 822,100 200,000 Inventories 76,700 Trade receivable (at book value) 52,800 Cash and cash equivalent 93,900 6% Loan from bank 100,000 8% Note receivable 30,000 Trade payable Administrative expenses Distribution expenses 75,600 183,900...
QUESTION 1 Red Velvet Berhad, a public company, closes its accounts on 30 June every yw...
QUESTION 1 Red Velvet Berhad, a public company, closes its accounts on 30 June every yw The company reported the following unadjusted trial balance on 30 June 2017 Credit RM Debit RM 1.100.000 1,300,000 364,000 700,000 400,000 300,000 125,000 300,000 167,400 120,500 4,800 30,000 438,600 Freehold land Building at cost Accumulated depreciation-building Plant and machinery at cost Accumulated depreciation Plant and machinery Patent Accumulated amortisation-patent Long-term investment Inventory Trade receivables Allowance for doubtful account Prepaid insurance Cash and cash equivalents...
QUESTION I Eucalyptus Berhad, a limited company, eloses its accounts on March 31 every year. The...
QUESTION I Eucalyptus Berhad, a limited company, eloses its accounts on March 31 every year. The company reported the following unadjusted trial balance on March 31, 2017: Debit Credit RM RM 1,049,800 Revenue 584,200 60,000 822,100 Cost of sales Intangible asset Property, plant and equipment (at book value) Long term investment Inventories 200,000 76,700 52,800 93,900 Trade receivable (at realisable value) Cash and cash equivalent 6% Loan from hank 100,000 30,000 8% Note receivable Trade payable Administrative expenses Distribution expenses...
I. The Rau Co. closes its books once a year on Dec. 31. Required: (a) Make...
I. The Rau Co. closes its books once a year on Dec. 31. Required: (a) Make the necessary Dec. 31, 2000, adjusting entry for each of the following: (1) On Aug. 1, 2000, Rau received $2,800 in advance for seven months of consulting work. An income statement account was credited on Aug. 1st (2) On March 1, 2000, Rau paid $7,200 in advance for one year's rent. A balance sheet account was debited on March 1 st (3) On Nov....
Garnet Berhad, a public company, closes its accounts on 30 June every year. The company reported...
Garnet Berhad, a public company, closes its accounts on 30 June every year. The company reported the following unadjusted trial balance on 30 June 2017: Credit RM Debit RM 1,100,000 1,300,000 364,000 700,000 400,000 300,000 125,000 300,000 167,400 120,500 4,800 30,000 438,600 Freehold land Building at cost Accumulated depreciation-building Plant and machinery at cost Accumulated depreciation- Plant and machinery Patent Accumulated amortisation-patent Long-term investment Inventory Trade receivables Allowance for doubtful account Prepaid insurance Cash and cash equivalents Loan from bank...
Question 1 Cody wants to pay the minimum total installments for 2017. His net tax owing...
Question 1 Cody wants to pay the minimum total installments for 2017. His net tax owing for 2015 was $4,500, net tax owing for 2016 was $8,000, and estimated net tax owing for 2017 is $7,500. As he wants to pay the minimum total installments for 2017, what would be the amount of his first payment on March 15, 2017? Ignore any possible penalty & interest if his estimate for 2017 is incorrect. Question 1 options: Nil $1,125 $1,875 $2,000...
Warren purchased a new harvester for his farm on 1 July 2016 for $180 000. He...
Warren purchased a new harvester for his farm on 1 July 2016 for $180 000. He uses the tractor entirely for business purposes and it has an effective life of 12 years. He is choosing to use the diminishing value method of depreciation. What amount should Warren claim as an allowable deduction (to the nearest $1) under Division 40 for the year ended 30 June 2018? 1) $19 687 2) $25 000 3) Nil 4) $30,000 5) $15 000
please answer Q 20,21,22,23,24,25 Assessments And Appeals 20. Which of the following statements is NOT correct? A Whe...
please answer Q
20,21,22,23,24,25
Assessments And Appeals 20. Which of the following statements is NOT correct? A When the penson filing the returs has made any misrepresentati default, the normal reassessment period can be estended beyond 3 years. B. A taxpayer can choose to file a waiver to extend the 3 year time limit C. When a return has been reassessed once, no further reassessments are permimed on due to neglect, carelessness or wilful when reassessment within the normal period...
I ONLY NEED THE BALANCE SHEET PLEASE Version 1 Company -Matisse Company Reporting Year - 2016 (Corporation Uses a Calendar Year Jan. 1 through Dec. 31st List of Accounts Common Stock, Total D...
I
ONLY NEED THE BALANCE SHEET PLEASE
Version 1 Company -Matisse Company Reporting Year - 2016 (Corporation Uses a Calendar Year Jan. 1 through Dec. 31st List of Accounts Common Stock, Total Dividends Other Expense Trading Securities Sales Tax Payable Purchase Discounts General Expense Rent Revenue Purchase Returns & Allowances Accounts Payable Interest Payable (Current) Estimated Warranty Liability Deferred Income Tax Unearned Revenue Capital Lease Obligation O.G 132.00 8S 982. CD $1,200.0 135.00 1949.00 2.000.OO 2.245.00 of Chapter Material Hll...
Pearl Berhad, a limited company, closes its accounts on March 31 every year. The company reported the following unadjusted trial balance on March 31, 2017: Debit Credit RM RM Revenue 1,049,800 Cost of sales 584,200 Intangible asset Property, plant and equipment (at book value) Long term investment 60,000 822,100 200,000 Inventories 76,700 Trade receivable (at book value) 52,800 Cash and cash equivalent 93,900 6% Loan from bank 100,000 8% Note receivable 30,000 Trade payable Administrative expenses Distribution expenses 75,600 183,900...
QUESTION 1 Red Velvet Berhad, a public company, closes its accounts on 30 June every yw The company reported the following unadjusted trial balance on 30 June 2017 Credit RM Debit RM 1.100.000 1,300,000 364,000 700,000 400,000 300,000 125,000 300,000 167,400 120,500 4,800 30,000 438,600 Freehold land Building at cost Accumulated depreciation-building Plant and machinery at cost Accumulated depreciation Plant and machinery Patent Accumulated amortisation-patent Long-term investment Inventory Trade receivables Allowance for doubtful account Prepaid insurance Cash and cash equivalents...
QUESTION I Eucalyptus Berhad, a limited company, eloses its accounts on March 31 every year. The company reported the following unadjusted trial balance on March 31, 2017: Debit Credit RM RM 1,049,800 Revenue 584,200 60,000 822,100 Cost of sales Intangible asset Property, plant and equipment (at book value) Long term investment Inventories 200,000 76,700 52,800 93,900 Trade receivable (at realisable value) Cash and cash equivalent 6% Loan from hank 100,000 30,000 8% Note receivable Trade payable Administrative expenses Distribution expenses...
I. The Rau Co. closes its books once a year on Dec. 31. Required: (a) Make the necessary Dec. 31, 2000, adjusting entry for each of the following: (1) On Aug. 1, 2000, Rau received $2,800 in advance for seven months of consulting work. An income statement account was credited on Aug. 1st (2) On March 1, 2000, Rau paid $7,200 in advance for one year's rent. A balance sheet account was debited on March 1 st (3) On Nov....
Garnet Berhad, a public company, closes its accounts on 30 June every year. The company reported the following unadjusted trial balance on 30 June 2017: Credit RM Debit RM 1,100,000 1,300,000 364,000 700,000 400,000 300,000 125,000 300,000 167,400 120,500 4,800 30,000 438,600 Freehold land Building at cost Accumulated depreciation-building Plant and machinery at cost Accumulated depreciation- Plant and machinery Patent Accumulated amortisation-patent Long-term investment Inventory Trade receivables Allowance for doubtful account Prepaid insurance Cash and cash equivalents Loan from bank...
please answer Q
20,21,22,23,24,25
Assessments And Appeals 20. Which of the following statements is NOT correct? A When the penson filing the returs has made any misrepresentati default, the normal reassessment period can be estended beyond 3 years. B. A taxpayer can choose to file a waiver to extend the 3 year time limit C. When a return has been reassessed once, no further reassessments are permimed on due to neglect, carelessness or wilful when reassessment within the normal period...
I
ONLY NEED THE BALANCE SHEET PLEASE
Version 1 Company -Matisse Company Reporting Year - 2016 (Corporation Uses a Calendar Year Jan. 1 through Dec. 31st List of Accounts Common Stock, Total Dividends Other Expense Trading Securities Sales Tax Payable Purchase Discounts General Expense Rent Revenue Purchase Returns & Allowances Accounts Payable Interest Payable (Current) Estimated Warranty Liability Deferred Income Tax Unearned Revenue Capital Lease Obligation O.G 132.00 8S 982. CD $1,200.0 135.00 1949.00 2.000.OO 2.245.00 of Chapter Material Hll...
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