Which of the following situations will not result to a future taxable amount? O Tax base of the asset > carrying amount of the asset O Financial income > taxable income O Carrying amount of the liability < tax base of the liability O Carrying amount of the asset > tax base of the asset

Q: One of the following is not a requisite of a taxable income. *

A: Answer: Option (b) [ The gain must be realized or received] For Explanation refer step2

Q: What is the depreciation method that is used for tax accounting purposes? How is it different than…

A: Accelerated depreciation method:

Q: Gains and losses derived from sale or exchange of ordinary assets are included in the computation of…

A: Ordinary assets are those assets or the properties used in the trade or business which is primarily…

Q: Which of the following creates temporary difference between financial and taxable income? * Interest…

A: Temporary differences are differences between pretax book income and taxable income that will…

Q: Which statement is not correct?  a. Related-party income is taxable b. Related-party losses are…

A: The correct answer is given in the following steps for your reference.

Q: b. What is Gwen's adjusted basis in the equipment? c. What is Gwen's recognized gain or loss? d. How…

A: Adjusted basis of the equipment or any asset is the carrying value of the asset after deducting the…

Q: Which of the following is not an income for income tax purposes?

A: Assuming the question related to tax in Phillipines ---…

Q: Which of the following is not a “tax status” for an asset? Capital loss asset. Capital asset.…

A: Capital Assets:All property that taxpayers own is capital asset, unless it falls into one of the…

Q: When the temporary differences result to financial income higher than taxable income, they are known…

A: As per IAS 12 Taxable temporary differences Temporary differences that will result in taxable…

Q: When a taxpayer sells an asset, what is the difference between realized and regonized gain or loss…

A: Difference between complete and recognized gains and losses   Realized gains or losses for the…

Q: .If a taxpayer has both a NSTCG and a NLTCG or both a NSTCL and a NLTCL, the results are netted in…

A: 1.  If a taxpayer has both a NSTCG and a NLTCG or both a NSTCL and a NLTCL the results are netted in…

Q: 4. Which of the following differences would result in future taxable amounts? A. revenues or gains…

A: Solution 4: Expenses or losses that are deductible before they are recognized in financial income…

Q: It is the amount attributed to an asset or liability for tax purposes. O Taxable amount O Tax base O…

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…

Q: 9. Which of the following situations will result to a not a future taxable amount? A. Carrying…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: STATE TRUE OR FALSE A) The frequency of transactions involving the type of property would be just…

A: Answer are as follows.

Q: Which is incorrect statement regarding the taxability or deductibility of gains or losses in…

A: Tax is a liability calculated on the income earned and paid to the government that acts as revenue…

Q: Which of the following situations will result in a future deductible amount?  Carrying amount of…

A: Future taxable amount is the amount which increase tax liability in future and for that create…

Q: Which of the following statements is correct? When depreciable property is gifted to another…

A: Depreciation recapture: Depreciation recapture is a method used by ISR (Internal Revenue Service)…

Q: The value of property for tax purposes, usually a percentage of the fair market value is known as…

A: Appraisal value refers to that on a specific date, the specific property’s current market value is…

Q: To arrive at the accumulated taxable income, which of the following items does not represent a…

A: The Accumulated Adjustments Account (AAA) is a balance sheet account that contains the net…

Q: the purpose of grossing up of Interests in calculating taxable income from Int

A: Taxable income refers to the sum value of money gained by an entity on which the government implies…

Q: 5. In determining whether the taxability of the income is derived from within or without: a. The…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 26. Which of the following differences would result in future taxable amounts? * a. Expenses and…

A: Deferred Tax Liability:The company record deferred liabilities when there's a short lived difference…

Q: Difference between the tax treatment of the purchase of a capital asset, such as a machine vs the…

A: There are various types of expenses which is incurred by the businessman in order to conduct it…

Q: appropriate data into the tax-accounting program. What are the values of B, n, and S in depreciating…

A: B = Purchase price + Transportation cost + Installation cost  S = 10% of purchase price  n =…

Q: True or False If a property’s market value becomes 0, the owner has no right to sell it at a value…

A: As per the Accounting terms , if a property's market value becomes 0 , then…

Q: What is the difference between a future taxable amount and a future deductible amount? When is it…

A:

Q: If an asset of an estate has no readily ascertainable fair value, how should it be presented/valued…

A: All the assets of the estate are recorded at the fair market value and any other asset is found…

Q: Which of the following differences would result in future taxable amounts? a. Revenues or gains…

A: Revenues or gains that are taxable after they are recognized in financial income. Should be results…

Q: Describe the procedure to incorporate the tax effects of gains (or losses) whenever an asset is…

A: Asset are considered to be capital items as they are held for more than a year and provide economic…

Q: The basis for determining gain or loss from sale of disposition of property is the fair market price…

A: The basis for any property which is inherited from any decedent who died during current tax year is…

Q: 1 What is the tax consequence to Ernesto of the sale?

A: Tax consequences are the consequences which takes place only when a certain transaction takes place…

Q: TRUE OR FALSE? 1. An excess tax depreciation will result to a deferred tax liability. 2. If the…

A: 1.An excess tax depreciation will result to a deferred tax liability-The given statement is False..…

Q: In determining whether the taxability of the income is derived from within or without: a. The source…

A: Taxability of income takes into consideration the source of of income, income amount and the place…

Q: How to calculate the answer of Tax Allowable depreciation?

A: Depreciation is the deduction in the value of the asset which leads to deduction in the tax as it is…

Q: treated as taxable capital gain and one-half of capital loss is deductible as allowable capital…

A: If a person inherits a property and does not sell it, there is no need to pay capital gains tax in…

Q: Under IFRS, income includes increases in economic benefi ts from: B . enhancements of assets not…

A: International Financial Reporting Standards (IFRS):  International Financial Reporting Standards is…

Q: Which of the following causes a temporary difference between taxable and pretax accounting income?…

A: Please find the answer to the above questions below:

Q: All of the following would result to deferred tax asset, except a. Tax base for a machine is…

A: Answer: solution concept when taxable income is greater than accounting income it results in…

Q: How does the tax depreciation methods generally permit a higher depreciation than the book…

A: Book Depreciation: Book Depreciation means the amortization expense amount which are recorded in…

Q: How, and why, does the depreciation reported for tax purposes differ from that reported in the…

A: Depreciation is the amount to be written off periodically to charge the decline in value of a fixed…

Q: The income tax rates are the same for capital gains and depreciation recapture of an asset that is…

A: The question is related to true or False.The income tax rates are the same on capital gains and…

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.