ales 1,60,000 ales return 3,000 "urchases 1,00,000

Q: A tort is a basis for a action O criminal O criminal or civil

A: Tort refers to the wrong doing which is in legal form, where the one person commits wrong against…

Q: I'd like the 1st question answered please for problem 23

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: THE SMITH COMPANY Using the business transactions below, complete T-accounts for the Smith Company.…

A: T Accounts    1. Cash Account Particular Debit Particular Credit         To capital A/c…

Q: Can you also complete part 2 and part 3? Also, 50*e^(.04*.5)=51.01 not 51.99

A: Part 2:   Expected stock price in 6 months: = 0.6 x $50 x 1.20 + 0.4 x $50 x 0.90 = $57   Expected…

Q: When is the midmonth convention used? Give an example?

A: Depreciation means decline in the estimation of benefit inside its valuable life because of mileage…

Q: Question 8

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

Q: groupthink

A: Organization - Management's foundation is organization because, without effective organization, no…

Q: How do I do PR 20-3a

A: Sales revenue: It is the revenue earned by a business on selling the goods or providing services to…

Q: What is the answer to part b? Is it -1245? Is the sign negative or positive?

A: The inventory valuation includes two methods named as FIFO (First in First Out) and LIFO (Last in…

Q: New entrants of BDO unibank?

A: This question seems incomplete with a lot of missing information. I am trying my best to answer this…

Q: Obj. 6 Specialty Auto Racing Inc. retails racing products for BMWS, Porsches, and Ferraris. The fol-…

A: Hey, Since there are multiple questions posted, we will answer first question. If you want any…

Q: Last question help

A:

Q: What is the binary representation for 13 in decimal? a. 1110 b. 1111 c. 1100 d. 1101

A: Binary representation is a base 2 number system that uses two numbers 0 and 1 to represent a number.…

Q: reason to fill position

A: Filling positions promptly is critical for maintaining operational efficiency, as unfilled roles can…

Q: question 33

A: Traditional IRA is one of the plans which are used by the taxpayers so that the tax amount which is…

Q: Part B is the incorrect answer

A: The LIFO method is defined as one of the important methods of inventory calculation in which the…

Q: Identify the policyholder who transfers the title of the policy.

A: Answer

Q: The following equation shows the transactions of Cotton Cleaning Service during May. The business is…

A: Income statement is one of the essential parts of the financial statement used for reporting the…

Q: nother wrong answer

A: The Annual Percentage Rate: The annual percentage rate is the nominal rate quoted by financial…

Q: What is the next number in the following sequence?    3        8        15        24        35…

A: The objective of this question is to identify the pattern in the given sequence of numbers and…

Q: Unmodified opinion refers to ______

A: In general audit option can be of two major types . They are  a) Unmodified b) Modified Opinion…

Q: » 24 Which of the following transactions would be recorded in the general journal?

A: 24. The following transactions would be recorded in the general journal are given below:…

Q: Define regulation D

A: The Accounting Standards are specific set of principles and procedures set by the authorized bodies…

Q: capacity variable cost of windshield: variable cost of car Bilbo Sells cars to the following: The…

A: “Since you have posted multiple questions with multiple sub parts, we will provide the solution only…

Q: the recognition and measurement  of IFRS 10 and

A: The answer has been mentioned below.

Q: 6, 7, and 8 are not answe

A: 4. What was the cost of goods manufactured for the year -$ 912,1005. What was the cost of goods sold…

Q: two questions

A: Prepare an income statement.

Q: 2R Code to answer the riddle. 3. 24 is what percent of 30 ?

A: A percentage is a fraction of an entire value represented as a value between zero and 100.…

Q: Can you answer part 4

A: Stock beta = 1.38 Expected return = 13.6% Risk free rate = 4.7%

Q: 30. Assume Hanlein Corporation declared and paid all cash dividends in 2013, determine the cash…

A: Hence correct option is A    Increase Retained Earning in Dec 31 , 2013 = 123400-94000 =$29400 Net…

Q: An information will have predictive value if it can help to. a. Predict the environment b. Predict…

A: Forecasting: Forecasting is a method that uses previous data as inputs to produce well-informed…

Q: Question No 01                                                                   What is a…

A: Partnership- It is an agreement between two or more people to contribute capital to a business,…

Q: Define Adjustments

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.