Analyze if the statement is either TRUE OR FALSE. Positive lawsare passed andpromulgated bycompetent andlegitimateauthority.Human Positivelaws are alsoknown as man-made laws.As a rule,Human PositiveLaw imposes aduty ofobligation onthe residentsand citizens of agiven countrywhere it is beingimplemented.Substantivelaws provide forthe mannerthrough whichrights that arebreached will beenforced.

Comment- Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…

Answered: Positive laws are passed and…

Business

Accounting

Positive laws are passed and promulgated by competent and legitimate

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter16: Tax Research

Section: Chapter Questions

Problem 26DQ

See similar textbooks

Related questions

Q: Perpetual inventory using FIFO Beginning inventory, purchases, and sales data for flat screen…

A: Inventory valuation is based on the flow of exemption used by the company. There are many methods…

Q: ated sed m

A: Depreciation is charged to record reduction in value of asset over the period of time. Depletion is…

Q: the investment turnover increased by 30% and ROS decreased by 20%, the Residual Income would a.…

A: Residual income will overcome some problems that were present in Return on investment.

Q: Wanda Corporation operates two bakery stores: A and B. The following information relates to store B:…

A: In order to determine the contribution margin , the variable cost is required to be deducted from…

Q: Sales 46,500,000 Raw materials inventory, beginning Raw materials inventory, ending 3,500,000…

A: Calculation of COGS : total cost ( in thousands of $) Direct material consumed:

Q: MORPHLING CORP. is engaged in producing and selling 2 types of furniture, DELUXE and SUPREME. The…

A: Morphling Corp. is engaged in producing two types of furniture - Deluxe and Supreme. The ratio of…

Q: The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following…

Q: Forester Co provided the following assets in a forest plantation and farm Freestanding trees…

A: The property, plant, and equipment are the assets and these are treated as long-term assets because…

Q: the entity purchased a m nts of P500,000. The first suance was 10%. The prese an annuity of 1 in…

A: Cost refers to the amount at which the goods are exchanged and purchased in the market by the…

Q: The following company information is available for March. The direct materials price variance is:…

A: Direct Material price variance = Actual quantity ×(Standard price - Actual price)

Q: At December 31 of the current year, Account Receivable has a balance of $900,000, the Allowence for…

A: Aging of receivables method is used to estimate the amount of receivables which is expected to be…

Q: Donald Electronics an electronics repair shop, prepared the unadjusted trial balance at the end of…

A: Worksheets are prepared to show the entire financial statements in a single document. It includes Un…

Q: Cari Tank (CT) produces and sells water tanks for the Regional market. The following are estimates…

A: Break even (units)=Fixed annual costSelling Price-Variable cost per unit Sale at desired profit…

Q: Unit Costs, Inventory Valuation, Variable and Absorption Costing Snyder Company produced 81,700…

A: Solution:- 1)Calculation of unit cost and the cost of finished goods inventory under absorption…

Q: Determine the amount of any depreciation recapture (DR), capital gain (CG), or capital loss…

A: The answer is stated below:

Q: pllowing data are ttax using 12% ra eld as inventory

A: Given:

Q: Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the…

A: Solution: In order to compute financial advantage (Disadvantage) of accepting special order we…

Q: On January 1, 2022, Bryan Company received from the government a P5,000,000 three-year,…

A: As per standard accouning practices , a revenue is recognised when it is…

Q: 1. Compare and contrast symmetric-key and asymmetric-key encryption methods in conducting…

A: encryption of massages and other information is very important so in order to do that there are two…

Q: ouse is $(Round to the nearest dollar.)

A: Cost capacity factor= 0.88, Construction cost= $900,000, Square foot= 17,000, Warehouse square foot=…

Q: REQUIRED: Prepare full (absorption) and variable income statements for the year 2019 and 2020.

A: 2019 2020 Sales 160,000 275,000 Less: Variable expenses Direct material 50,000 60,000…

Q: in the production process. The company applies ove to products using machir predetermined OH rate…

A: Overhead application (OA) refers to the assignment of the cost of factory overhead to the produced…

Q: 20. SPPE Corp is planning to expand, and new projects is expecting to earn an average of Php375,000…

A: Introduction:- Economic value added means as follows under:- It is calculate correct economic…

Q: The income statement of a service-sector firm reports: both period and inventoriable costs a O…

A: The income statement which deals with inventory includes both period cost and product cost. but…

Q: 10. Cameron is in grade 12 and works part-time in a bike shop. His monthly budget is shown. Expenses…

A: Personal Budget: Alternatively known as a household budget, a personal budget is a financial plan…

Q: now Attempt History urrent Attempt in Progress The following information pertains to Concord…

A: A adjusting jounral entry is an entry in a company general leger that occur at the end of the…

Q: Questions: 1.) How many people should attend the seminar to break-even? 2.) Given this BEP number,…

A: We will use the BEP analysis here. BEP analysis refers to breakeven point analysis.

Q: ANSWER ALL 1. which of the following journal entries can be eleminated? a. correcting entry b…

A: According to this question, we explain those topics to support the correct answer. Question-1)…

Q: Which country has an absolute advantage in the production of cheese? Group of answer choices…

A: Absolute advantage refers to the strength that allows an entity to produce more quantity of the same…

Q: What can government (if anything) do to adapt to the changes before the end of fiscal year if their…

A: budget is prepared by the government in order to record the all expenditure and all the revenue that…

Q: Triple-F Health Club (Family, Fitness, and Fun) is a not-for-profit, family-oriented health club.…

A: Cash budget is the one which includes the quantitative estimates for the payments and receipts of…

Q: Jin Mai is in her second year at col housemates each pay one third of the utility bill, cable…

A: Total expenses refer to the sum of all gross cash expenditures plus any pending subsidiary items,…

Q: low-cost range for multiple alternatives. variable cost/unit location fixed cost elm 125 01 ferry 50…

A: Cost accounting is one of the important branch of accounting. Under this branch, various type of…

Q: Absorption and Variable Costing with Over- and Underapplied Overhead Flaherty, Inc., has just…

A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: Determine if this shall result in recognition of liabilities 7. declaration of share dividends on…

A: The share dividend is a method of capitalizing on retained earnings. Generally, the large share…

Q: Required information A land development company is considering the purchase of earth-moving…

A: To decide upon various alternatives available to purchase the assets or renting or leasing out the…

Q: ur and AJ formed a partnership with Aljur investing his th a market value of P80,000 which…

A: Aljur and AJ have formed a partnership , where Aljur has invested land and has 40% share in equity .…

Q: You are the Treasurer for Short Run Sports Club and the manager asked you to prepare the financial…

A: For the preparation of the trial balance, income & expenditure, and balance sheet the following…

Q: A fixed asset with a cost of $41,000 and accumulated depreciation of $36,000 is traded for a similar…

A: Fixed asset exchange is a regular commercial transaction. Fair value should be applied to exchanges…

Q: iii. Karie Auto Supplies is a soletrader enterprise which did not maintain full double entry…

A: Capital Account - The capital account includes the initial amount invested by the owner of the…

Q: еBook Show Me How Analysis of Receivables Method At the end of the current year, Accounts Receivable…

A: Computation of amount of adjusting entry of uncollectible accounts The balance for allowance for…

Q: The business transactions for January, 2020 follow: Jan. 1 Wilson invested P500,000 cash and…

A: A trial balance's main function is to confirm that the entries in a firm's accounting system are…

Q: Material and Labor Variances The following actual and standard cost data for direct material and…

A: Materials Variances Material price variance = (Standard price-Actual price)×Actual quantity

Q: 5) Budgeted costs are: A) the costs incurred this year C) predicted or forecasted costs B)…

A: The cost which is incurred this year is called current cost. The cost which is incurred last year is…

Q: Variable Costing, Value of Ending Inventory, Operating Income Pattison Products, Inc., began…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: journalize. Completed services that were paid for six months earlier, S3,700

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: An asset with a purchase price of $501,013 falls in the 3-year MACRS asset class. The asset will be…

A: The book value is calculated as the cumulative depreciation over 3 years multiplied by asset cost

Q: The following data relating to direct materials cost for October of the current year are taken from…

A: Solution:- A)Calculation of Product finished as follows under:-

Q: Tiger Corp. provides the following data for calendar 2022 Net Income.. .$ 3,600,000 Transactions in…

A: Basic earnings per share is the per share amount which is attributable to equity shareholder's. In…

Q: A company is considering replacing an old piece of machinery, which cost $597,400 and has $349,000…

A: Variable productions costs (old machine) = Annual Variable productions costs x 8 years = $157,900 x…

Question

Analyze if the statement is either TRUE OR FALSE.

Positive laws
are passed and
promulgated by
competent and
legitimate
authority.
Human Positive
laws are also
known as man-
made laws.
As a rule,
Human Positive
Law imposes a
duty of
obligation on
the residents
and citizens of a
given country
where it is being
implemented.
Substantive
laws provide for
the manner
through which
rights that are
breached will be
enforced.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Which of the following correctly identify the requirements for both legal and personal competence for a fiduciary? Must be a U.S. citizen Must meet a minimum age requirement as specified by state law Must be capable of analyzing a situation and making decisions Must be mentally competent as required by state law
What is civil law, and what does it accomplish? What are the primary examples of public law?
Has Sarbones Oxley been an effective piece of legislation?
The Congress of the Philippines enacted a law exempting the compensation and/or allowance or payments given to frontliners in consideration of their efforts in combatting COVID-19. This power exercised by the legislative department is in keeping with? A Power of eminent domain B Police Power C Military power D Power of Taxation
True or FalseIt is a well-established principle that the contents of the bylaws that contravene the Constitution and the laws of the land are deemed void; and that in case of contradiction to any of the provisions of the articles of incorporation, the By-Laws' provision/s shall prevail.
Which of the following is not an inherent power of a government? A. Eminent Domain B. Police Power C. Taxation D. People Power
Validity of a private express trust in Mauritius with particular reference to the importance of the three certainties to be satisfied before a Mauritian Court will acknowledge that a settlor or testator has created a private express trust.
Discuss about the validity of a private express trust in Mauritius with particular reference to the importance of the three certainties to be satisfied before a Mauritian Court will acknowledge that a settlor or testator has created a private express trust.
All of the following relate to jusdiction except. a) The power to implement laws in an area or a country. b) The extent to which the authority or power can be exercised. C) who can exercise the authority. d) none of the above
Taxation is an inherent power being an attribute of sovereignty. The following are manifestations of taxation being an inherent power, EXCEPT? Courts cannot issue an injunction to enjoin the collection of taxes There should be no improper delegation of the power to tax. Taxes may be imposed even without a constitutional grant The State has the right to select the subjects and objects of taxation.