Explain how to defer gains using the like-kind exchange rules.

Q: Explain the differences between upstream and downstream intra-entity transfers, as well as how each…

A: Intra-entity transfer refers to transfer of goods or products among the entities. More often, such…

Q: What are the fundamental differnces between lessor and lessee?

A: Lessor is the person who has the ownership of the leased asset and grants on lease his asset for a…

Q: what is accounting for goodwill and what are its implications?

A: Goodwill is an intangible asset. It generally arises from the acquisition of a business. In other…

Q: Discuss the difference between an unrealized holding gain and a realized gain.

A: The gain is the excess of revenue earned over the expenses incurred.

Q: how much is the goodwill?

A: Goodwill is defined as the difference between the purchase price and the fair value of the defined…

Q: How much is the goodwill/gain on bargain purchase?

A: Share capital = P500,000  Additional paid in capital = P300,000  Retained earnings = P500,000  Add:…

Q: Explain using practical example how a discount on a debenture is treated ?

A: Let us take an example Divya Ltd. issues Rs. 1, 00,000 debentures on Jan. 1, 2021, at 10 per cent…

Q: What Is Goodwill And How Is It Accounted For?

A: Definition:   Goodwill: Goodwill is a good reputation developed by a company over the years. This is…

Q: Define the term Equal-Payment Series?

A: The goal of this method of investment is to determine the present value of an equivalent payment…

Q: Differentiate between the concepts of profit and interest with examples of each.

A: Profit:-Profit is the amount which one receives when all expenses get deducted from Revenue during a…

Q: What is meant by Partial payments. From your stu payments and mention the differences between t

A: Partial payment refers to the payment of an invoice that is less than the full amount due. Partial…

Q: What are Equal-Payment Series?

A: Equal payment refers to the equal net periodic cash flows that an investor receives during the life…

Q: What is goodwill and how is it measured?

A: Intangible Assets: Intangible assets are the long-term assets having no physical existence. However,…

Q: gain (loss) on the transfer

A: Gain (loss) on the transfer of investment property = Fair value on the date of transfer - Carrying…

Q: What would be the difference between the CMO with and without the accrual class?

A: A collateral mortgage obligation is a financial instrument that is backed up by the mortgage to be…

Q: Passive activity income and losses are netted against one another on what form or s

A: Passive Activity Income: 1) Passive income is earnings from a rental property, limited partnership,…

Q: Define the following relative to like-kind exchanges: Boot Postponed gain or loss Gain or loss…

A: The like kind exchange is defined as the transaction of tax deferred which allows for asset disposal…

Q: How is the compound interest used to establish economic equivalence?

A: Economic Equivalence means funds occurring at different time period will have different economic…

Q: Define the Equal-Payment Series?

A: Answer: The main goal of this investment method is to calculate the present value of equivalent…

Q: who benefits: the buyer or the seller?

A: Buyer can "assume the mortgage" which means for purchasing of a home buyer is not required to take a…

Q: Compute the goodwil (gain on bargain purchase)

A: Goodwill refers to the extra amount of consideration paid over the fair value of the net assets of…

Q: What is the transaction's profit

A: This question deals with the transaction's profit?

Q: Compute the goodwill (gain on bargain purchase).

A: The goodwill (gain on bargain purchase) is calculated as follows:Reference:

Q: what is the difference between co-pay and coinsurance

A: Coinsurance and copays are different variants of cost sharing arrangement between health insurance…

Q: How much is the goodwill (gain on bargain ourchase)?

A: Calculation of Net Assets - Fair value: = Total Assets - Goodwill - Liabilities = P4,000,000 -…

Q: What is "constructive receipt doctrine? Discuss What is "economic benefit doctrine? Discuss

A: Constructive receipt doctrine: According to constructive receipt doctrine policy, the taxpayer…

Q: Where does the economic equivalence exist? What are its side effects?

A: The existence of economic equivalence is in between the cash flows having a similar economic effect…

Q: exchange gain or loss

A: As per IAS 21 ( The effect of changes in foreign exchange rates), a foreign currency monetary item…

Q: differences between Chargeable liftime transfers and potential exempt transfers

A: Inheritance tax: It is the tax levied on right to receive property from a descendant.

Q: What is goodwill?

A: Before acquiring a business, the vendor evaluates the business on various parameters. Goodwill is…

Q: Define the term the equal-payment-series compound-amount factor?

A: Equal-payment-series compound-amount factor: Equal payment series compound-amount factor is utilized…

Q: Discuss all the advantages and disadvantages of ‘co-payment

A: Co-payment is that fixed out of pocket expense that a person with health coverage will have to pay…

Q: Explain the problem of double coincidence of wants faced under barter system. How does money…

A: The barter system involves the exchange of one good for another.

Q: Give examples of the Equal Payment Series?

A: The goal of this method of investment is to determine the present value of an equivalent payment…

Q: What’s the difference between simple interest and add-on interest?

A: Interest is the amount of extra payments a borrower has to make to its lender as a return for…

Q: uestion, the unilateral transfer is stated as a debit, but in the calculation for the answer, it is…

A: Balance of Payments is nothing but the record of the economic transactions of the residents of a…

Q: What is lessee?

A: Lessee: It is term used for any person who has rented any land-property from someone else. That is…

Q: Explain Amortize Goodwill? Give an example?

A: Amortize Goodwill: Goodwill is an intangible asset amortization of goodwill means a reduction in the…

Q: ompensation income may be in the form of monetary or in-kind benefit. TRUE OR FALSE?

A: Compensation means the amount a company give to its employees for services rendered.