TAX PAYER DOMESTIC CORPO RATIO Inside the Plalippines 7,550, 000 4,100,000 1550,000 outside Bus mess aoss income business expense Interest income fom long tern hank deposit Interest imcome firom short terom bank deposit Koyalty income Dividends inoome 8,000,000 4,000,000 १४,००० 5,000,000 9,750,000 6500,000 *Compute Hhe reqular lcome sub ject to regular income is the exempt income and how much

TAX PAYER DOMESTIC CORPO RATIO Inside the Plalippines 7,550, 000 4,100,000 1550,000 outside Bus mess aoss income business expense Interest income fom long tern hank deposit Interest imcome firom short terom bank deposit Koyalty income Dividends inoome 8,000,000 4,000,000 १४,००० 5,000,000 9,750,000 6500,000 *Compute Hhe reqular lcome sub ject to regular income is the exempt income and how much

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Based on the table given below, Net Income Model Data 1 B Sales Cost of Goods Sold $10.000.000 6400.000 Administrative Expenses 500,000 Selling Expenses 5.900.000 Depreciation Expenses 250.000 10 Interest Expenses 20000 11 Taxes $620,000 12 13 Model 14 15 Kiss Profi 1,000,000 16 Operating Expenses 52.110.000 19 Net Operating Inome 1.450.000 arnings Before Tenes 1350.000 19 20 Net Income which of the following formulas would be used to calculate the net income value using only the information in the Model, and not in the Data section?. -B6-B15 -B15-B16-B17+B18 -B5-B17 -B18-B11
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Lourse Hero FFacebook AlpQLSemRocZTySC1Qmxn3WNrCDDNEqZOcNLOvBFeteSg98lhAYbXw/formResponse The following income relates to a proprietorship registered as a BMBE: Gross income from sales P400,000 Dividend income – domestic corporation 9,000 Interest on bank deposits 6,800 Compute the total exclusion from gross income. O 415,800 O 400,000 O 15,800 O Zero
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from the following tralasaction, prepar in come Statement Sales reven ue tinished Goeds 50006 Net purchases lo o00 rent expenses 250 000 returns sales lo o 00 3000 So00 6 vent revenue administrutive Expensese 2e0 Sales salaries looo Depreriation other expensese tax income tooo t500-6 finished goads 34 7o00 . tooo
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