Find the actual time and approximate time from October 5,2020 to June 30,2021.

Q: On January 1, 2021, Ape

A: Bonds are priced by discounting future cash flows. Future cash flows include coupons and par value…

Q: la rch 31, 2021. The follow g the first quarter:

A: Income statement: An income statement is a statement of revenue and expenses of the organization…

Q: The transactions they had for December 2020 is advanced view of what is to come for the shop in…

A: Amount ( all fig are in Php.)   Transaction details for the month of Dec, 2020 is been provided…

Q: adjusting entry at the end of the year 2019

A: Interest accrued = Value of note * Rate of interest = $10000 * 6% = $600

Q: Per the CREATE, at what rate should MCIT be computed beginning 01 July 2022 until 30 June 2023? O 2%…

A: Per the CREATE, at 1% rate MCIT should be computed for the period mentioned.

Q: Prepare the post closing Trial Balance as of April 30, 2021

A: Post Closing Trial balance Trial balance is categorized in different type like General Trial…

Q: What total amount should be reported as on December 31, 2021? adjusting events

A: Auditing refers to the process of inspecting or examining the financial records and statements of…

Q: Compute the company's current ratio for 2018, 2019, and 2020. (Round your answers to 2 decimal…

A: Financial ratios are those which provide a summary of the accounts of a company and helps an…

Q: (The given is in the photos.) Required: 2. PREPARE A DRAFT OF THE NECESSARY CLOSING ENTRIES OF…

A: Closing entries are those entries which are passed at the end of the period in order to close all…

Q: >

A: Step 1 Journal is the part of book keeping.

Q: Compute the total increase (or decrease) for the Home Office account balances on December 31, 2021.

A: To find out TOTAL increase or (decrease) for Home Office Account Balance, first we will have to make…

Q: transaction occur on 25 June 2019 is an income to

A: An income is to be recognized if the right to receive the amount of consideration is confirmed. As…

Q: Required: 1. to 3. Prepare the journal entries to record their issuance by The Gorman Group on June…

A: The financial instrument which provides fixed interest as a return over the period of investment is…

Q: Calculate operating EPS and Gearing for the year 2018 and 2019

A: Operating earnings per share (EPS) can be defined as the per share net earnings of the company for…

Q: Prepare a balance sheet as of December 31, 2019

A: 1.                     Balance Sheet of XYZ Company                        as on December…

Q: Calculate DOL, DOF, and DOT for both years. ANSWER   2020 2021

A: The following formulas are used to calculate various types of leverages:- 1. DOL=Sales-Variable…

Q: Prepare Trial balance with the given ledger account balances the year ended March 2019.

A: A trial balance is a summary of all the ledger accounts maintained in a company. All the assets and…

Q: Find the due date ( actual time ) and Due date ( approximate time )

A: Due date refers to the date at which any event or payment will due. Due date of loan refers to the…

Q: When / what date is the fiscal year if the ending is March 31,2020?

A: Fiscal year refers to the year or period which is for a period of 12 months, which could be July 1 -…

Q: How to solve this? Need to give adjusting entries on December 31, 2020... thank u...

A: Step 1 Adjusting entries are accounting journal entries that convert a company's accounting records…

Q: d) Calculate the P/E and P/BV multiples for both years.   ANSWER     2020 2021 P/E     P/BV

A: Data given: Description 2020 2021 Total Assets ($) 2705890 3008228 Total Liabilities ($)…

Q: Prepare the financial statements for Amano for the year ended 31 December 2021.

A: Financial statements are the set of records of the financial transactions and position of a business…

Q: prepare a classified balance sheet for year ended november 30 2020

A: A balance sheet is a statement which shows how much assets and liabilities of a company are having…

Q: iv) If the payment was made on 1 May 2021, find the total payment.

A: If the payment is made on 1 May 2021 , The the Trade discount applicable is 4/15. Since , The…

Q: Prepare a statement of owner’s equity for the 3 months ending September 30, 2020.

A: Statement of owners’ equity: This statement reports the beginning owner’s equity and all the…

Q: 5.) How much is adjusted Supplies on December 31, 2021?

A: The trial balance is a type of worksheet in which all the ledger accounts are entered on the debit…

Q: or the year ended December 31, 2020, Tam's records total franchise revenue in an amount of

A: Revenue to be recognised is equal to = initial amount on signing of contract + yearly revenue +…

Q: Record the adjusting entry to accrue interest expense at December 31, 2024.

A: The entry to record accured interest is as fallows

Q: Requirements: 1. Prepare a schedule showing a horizontal analysis for 2020 using 2019 as the base…

A: Horizontal analysis of financial statements shows how much amount has been increased or decreased…

Q: Write a brief report about the accruals and deferrals of Amazon’s 2018 annual report.

A: Accrual - The process of recording transactions w.r.t Income or Expenses to the accounting period to…

Q: Prepare journal entries from January 1, 2019 to July 31, 2023.

A: “Since you have posted a many question, we will solve first question for you. To get the remaining…

Q: Prepare an income statement for the 3 months ending September 30, 2020.

A: Income statement: The financial statement which reports revenues and expenses from business…

Q: Calculate Hasbro's and UHS's ROE for each fiscal year. Verify if the answers below are correct if…

A: Solution:- In the given sum, financial statements of only Hasbro Company are given. So, the…

Q: Find the Ac

A: Here, in this question ,we have to find out the Actual and approximate time

Q: Prepare the journal entries related to the patent from January 1, 2020 to December 31, 2022. Prepare…

A: An intangible asset is an non monetary asset with following three critical attributes:…

Q: What is the Balance for December 31?

A: Accounting equation shows the effectiveness of double entry books system where each transaction…

Q: Prepare a general ledger for the month of July 2020.

A: Cash Date Explanation LR Debit Credit Balance 05-Jul Lea Invested Cash   120000   120000…

Q: * Use your ID number. 8 April 2021 + Your ID number as number of days Example ID number = 9876 than…

A: Employee ID no. 4521 than maturity date :-

Q: Refer to this word problem ) Determine the exact and ordinary nterest on P15,800 at 12% from January…

A: As we know that in exact interest calculation 365 days is considered whereas in ordinary interest…

Q: Prepare an income statement for the year ended August 31, 2019.

A: Income Statement:   It is a financial statement prepared by an organization to report the net profit…

Q: instruction: Prepare a necessary entry at Dec. 31, 2022, if any.

A: Step 1 Journal is the part of book keeping.

Q: Prepare all the necessary journal entries related to the machine from 30 June 2019 to 30 June 2021.

A: For the Period ending 30th June 2019, Particulars Dr/Cr Amount($) (1) Machinery Account Dr…

Q: Prepare the Adjusted Trial balance for the period ending June 30, 2020

A: Depreciation - Furniture and Fixtures = 800,000-160,00010…

Q: What is the rent revenue reported June 30, 2022?

A: Formula: Total rent amount = Monthly rent amount x Number of months

Q: You are required to prepare the Trial Balance for the year ended, 31 st Decemvber, 2020.

A: Trial balance is a statement of all the debit and credit balance of accounts of the books.

Q: interest rate, what will be the balance in the account at the end of July 1, 2030? (hint: find

A: Future Value is the values of present cash flows, compounded at the rate of interest, at the future…

Q: Calculate the allowance ratio for the year ending 30 June 2020. Assume the number of days in the…

A: Allowance Ratio considering : Beginning Allowance is numerator and  Current Year's Accounts…

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.