Salaries expense. Consulting revenue..... 12,000 3,000 Cash...... .8,000 Utilities expense... Note payable... Accounts receivable........ $3,500 A. Lopez, Withdrawals.......2,000 Office supplies.... Rental revenue.. .. 200 .2,400 1,500 .500 Advertising expense.. Prepaid insurance.. Accounts payable..... Note receivable... Rent expense..... Unearned revenue... Required 1. Prepare a March income statement for the business. . 400 ..1,000 $1,300 .2,500 2,000 .300

Q: Do question 6

A: Balance sheet is a type of financial statements that show the financial balances of any company at…

Q: Can you make the answer of number 5 a well-explained or thoroughly explained?

A: The coefficient of variation is a statistical tool that measures the risk level by considering the…

Q: How do I see the rest of the answer?

A: Accounting equation is a representation of the balance sheet that shows total assets is equal to the…

Q: What do you mean by put option? Explain in 2 - 3 sentences

A: A Put option is an instrument which provides its holder an option to sell an underlying asset on a…

Q: How do I solve these?

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

Q: Can I have the answer for part iv) and v) please.

A: i) Work in process inventory - Process 2 T-account:   Account     Debit      Credit Direct…

Q: borata what is ASA?

A: Advertising Standard Authority (ASA) refers to the regulatory body in the united kingdom which…

Q: this is wrong. Answer is B

A: A dividend is defined as the part of the profit which is not distributed by the company among the…

Q: A figured out

A: Pre determined Overhead rate Calculation  Overhead cost  $      28,80,000 Divided By  Direct…

Q: can you be more clear of what the answer is? thanks

A: Given: Beginning of the Year Common Stock = $8 Additional Paid in Surplus = $138 End of the Year…

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: How about the second question?

A: As per the accounting standard- the effects of changes in foreign exchange currency, income and…

Q: 1. Sona Manufacturing provided the following information for last month: 3. Sales Variable Costs…

A: There are two type of costs that are being incurred in business. One is fixed costs, which will not…

Q: is part b answered in this?

A: Ledger posting. : When any transaction is made journal entry is passed, after that those entries are…

Q: What is this question answer?

A: Net realizable value = Estimated Selling Price -  Cost of Completion and Disposal where, Cost of…

Q: where is the rest of teh answers

A: 1. Income Statement - An income Statement is a financial statement that includes revenue earned and…

Q: What is materiality? Explain?

A: Materiality: The accounting concept which focusses that all the financial items and figures which…

Q: can you please solve the second question

A: Cost per good unit is calculated as total cost divided by number of good units. The cost can be…

Q: can i please get a correct answer for that question

A: The statement of comprehensive income is computed by adding the net income – which is found by…

Q: How about the last question?

A: Here,Operating Cash Flow is $63,745Cash Flow to Creditors is $22,100Cash Flow to Stock Holders is…

Q: how do you calculate the answers for question a

A: On reading the 4th line of the question, we came across a statement "The company currently absorbs…

Q: What accounts should Free credit to record the issuance of the bonds and warrants? a. Bonds Payable…

A: Bonds payable is a liability account that holds the sum that the issuer owes bondholders.Given that…

Q: Can you answer part 4

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

Q: can you solve by ansewring the question'a in a fromual.

A: Data given: Costs  of house(Purchase price) =$250,000 Down payment = 2% of the purchase price.…

Q: What is forward points?

A: Forward points are nothing but basis points added or subtracted from the spot rate of an underlying…

Q: i did ask for a certain question to be resolved question 2b

A: High low method is used to segregate the semi variable or mixed cost into two separate costs i.e.…

Q: where is the evaluate?

A: There are different type of the evidences that needs to be obtained in order to provide the evidence…

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.