What is truth? O a It is the state or quality of being true to a rational mind. b. It is a mental acceptance of a claim as truth regardless of supporting or contrary empirical evidence. QUESTION 3 Is it logical for us to know something as truth but not believe it to be true? O a. Yes O b. No

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A: Return on asset is the return earned on the amount of investment made into a project.

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A: solution concept as per the applicable accounting standard (MFRS 23 ) borrowing cost , the borrowing...

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A: Future Value = Present Value x (1 + r)^n

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A: Non-controlling interest: Non controlling interest is the share of ownership of subsidiary company. ...

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A: As per IFRS 9  Financial instruments standard an equity is an residual interest in company assets af...

Q: Gross selling price includes all of the following, except    Total amount which the purchaser is o...

A: Solution: Gross selling price includes all of the following: 1. Total amount which the purchaser is ...

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A: Total No. of Respondents = 12 No. of Respondents who own Apple = 3 No. of Respondents who own HP = 1...

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A: The correct answer for the above mentioned question is given in the following steps for your referen...

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A: Shares are deemed property within the philippines when 1.The shares are issued by a domestic corpora...

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A: The correct Answer in the given question is: No Adjustment is necessary

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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.