MD Corp. completed the following transactions relating to investment in AO Company ordinary shares, which were acquired for trading purposes. 2018 (1) Purchased 1,000 shares at P150 per share, plus transaction costs of P3,750 (2) At year-end, the AO Company ordinary shares had a fair value of P180 per share. 2019 (1) Sold 500 of AO Company ordinary shares at P190 per share, incurring P1,000 transaction costs on sale. (2) At year-end, the fair value of each share was P192.

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A: Income statement is prepared by the business organization so as to know how much amount of gross…

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A: Net cash flow after tax is an important measure used for the purpose of evaluation of company's…

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Q: Which method would result in the smallest income amount for 2026?

A: Straight line method 2021 = $101,250Double decline = $182,813Sum of years digits = $157,500

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A: Alimony Payment -  It is a payment between current or former spouses as the result of a marriage…

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A: We have the following information: Social Security Tax - 6%Medicare Tax - 1.5%

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Q: Give

A:

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Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.