Answered: Which one of the following is not a…

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter2: Working With The Tax Law

Section: Chapter Questions

Problem 30P

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Need typed answer.Please give answer within 30 minutes
1. What are the different BIR forms and describe and identify the deadline for submission of each form. Explain all please, don't answer short and don't plagiarize please, thank you
Direction: Explain the following statements/question in not less than 5 sentences. DO NOT USE THE COPY-PASTE METHOD. 1. Explain the following:a. Contingent assets b. Contingent liabilities
1. SECA stands for _____. Answer: A. Self-Employment Contributions Act B. Self-Employment Control Act C. Self-Employment and Charities Act D. Self-Employment Care Act 2. When completing Form 1096 as a summary of all Form 1099-NECs that have been completed, the total number of Forms 1099-NEC is _____. Answer: A. entered within a box on the form B. entered within the form beside the type of 1099-NECs filed C. not entered within the form D. calculated within the form 3. Form _____ is provided to an independent contractor to advise them of their total annual earnings. Answer: A. W-9 B. 1099-NEC C. W-2-NEC D. 1040
My first question is...are my general journal entries correct? Second question is...What number would be the warrant revenue for year 1? Please see attachments, Thank you!
On January 1, 2021, LLB Industries borrowed $400,000 from Trust Bank by issuing a two-year, 8% note, with interest payable quarterly. LLB entered into a two-year interest rate swap agreement on January 1, 2021, and designated the swap as a fair value hedge. Its intent was to hedge the risk that general interest rates will decline, causing iPhone USB ue of its debt to increase. The agreement called for the company to receive payment based on a 8% fixed interest rate on a notional amount of $400,000 and to pay interest based on a floating interest rate. The contract called for cash settlement of the net interest amount quarterly. Floating (LIBOR) settlement rates were 8% at January 1, 6% at March 31, and 4% June 30, 2021. The fair values of the swap are quotes obtained from a derivatives dealer. Those quotes and the fair values of the note are as indicated below. Fair value of interest rate swap Fair value of note payable January 1 0 $400,000 Required: 1. Calculate the net cash…
The earliest period IAS 1 issuance is on ______. (MM/YYYY)
KINDLY ANSWER THE TRUE OR FALSE PART NUMBER 4 AND 5. THANK YOU!
please and thank you
16 - Invoices for which the invoice is paid in advance and the signature and stamp are at the bottomCalled NE invoiceA) CLOSED INVOICEB) EXPRESSLY HIDDEN INVOICEC) THERE IS NO THATD) CONFIDENTIAL INVOICEE) OPEN INVOICE
When an invoice is it is removed from the customers register. Question 16Answer a. Voided b. Deleted c. Paid d. Edited
P7

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Which one of the following is not a part of the Memorandum of Association? A) Name Clause B) Object Clause C) Capital Clause D) Rules and Bylaws Skip else i will downvote 10 times.