1. Mr. Juan Basco. Filipino resident died on June 3, 2019 leaving the following, Exclusive property (3% years ago, subject to a mortgage of 291,200 at that time) Conjugal properties Family home (exclusive property of Mr. Basco) Medical Expenses(incurred one month before death) Unpaid mortgage on inherited property Benefits from SSs (conjugal) Funeral expenses Judicial expenses Claims against the estate, not notarized 3,660,000.0 8,340,000.0 5,000,000.0 650,000.00 231,200.00 200.000.00 320.000.00 224,000.00 434.800.00 Compute for the following A Gross Estate B. Vanishing Deduction C. Share of the surviving spouse D. Net Estate subject to tax E. Tax Due
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- via McCollum XR Homepage | Robeson X 2 08 MAT-143-BD1.2023SP X CengageNOWv2 | On X https://v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Business Income & Ex 09 3-10 03-11 2.03-12 03-01 Algo R.03-02 R.03-03 PR03-04 Algo PR.03-06 PR 03-06 Progress: 15/41 items 62"F Mostly clear D ● 9 ● ● 5 RIL eBook Problem 3-3 Inventories (LO 3.2) T B Lawrence owns a small candy store that sells one type of candy. His beginning inventory of candy was made up of 10,000 boxes costing $1.50 per box ($15,000), and he made the following purchases of candy during the year: March 11 August 15 November 20 Ending inventory. Cost of goods sold Feedback At the end of the year, Lawrence's inventory consisted of 16,000 boxes of candy. a. Calculate Lawrence's ending inventory and cost of goods sold using the FIFO inventory valuation method. 6 10,000 boxes at $1.55 20,000 boxes at $1.65 10,000 boxes at $1.70 b. Calculate Lawrence's ending inventory and cost of goods sold…O UTF-8"CH_02.pptx x O UTF-8"Individual%: * Assets Liabilities C x O UTF-8"Individual%2 x b My Questions | bart x Bb Review Submission x Course Home A Not secure | openvellum.ecollege.com/course.html?courseld=15836449&HepID=07d540babdc75223ea4bcb31dba912cb#10001 My Courses Amay Brown :| e Intro to Financial Accounting 29:010:203 (Spring 2020) | 02/11/20 3:01 PM Course Home Homework: Assignment 2 Save Assignments Score: 0.43 of 1 pt HW Score: 75.6%, 9.07 of 12 pts 11 of 12 (11 complete) v Study Plan TI1-5 (similar to) E Question Help Results 18. Using the following information, complete the income statement, statement of retained earnings, and balance sheet for RN Painting for the month of March 2018. The business began operations on March 1, 2018. E (Click the icon to view the account balances.) Pearson eText Multimedia Library Accounts Receivable 1700||Accounts Payable Dynamic Study Modules Office Supplies Stockholders' Equity Retained Earnings Syllabus Service Revenue Total Expenses…ssignment/takeAssignmentMain.do?invoker%=&takeAssignmentSessionLocator38inprogress3Dfalse CardPointe ONew Tab UTA Is The Leader I.... Commercial Captur... UPS-Shipping ups Search for Corporat... |国 Determine the amount to be paid by the buyer for full settlement of each invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. Merchandise Transportation Paid by Seller Transportation Terms Returns and Allowances (a) $7,600 $202 FOB Shipping Point, 1/10, net 30 $800 (b) $7,500 $62 FOB Destination, 2/10, net 45 $1,700 a. b. Previous Next Email Instruct + %24 %24
- St. ( My The Mic O Ma Mcl O Bus 6 Bad Д АРА М Mic O Ben + Do O MA O Wh 1 Ab Ans + Util A0 A mycourses.sgu.edu/access/content/attachment/172d3b94-c459-4b3b-b9da-2cc57a93c3cb/Assignments/d50e87b8-155e-4aa6-845d-9f9986bcaa31/Chp%2007%2... A I Apps 1 APA citation genera. Grenada SDA Com. Y The Premier Choice. Gmail > YouTube Free, Powerful Engli. O A Planting Calendar. A Maps in Interpretive Simulat. 6 iffer 7-35 Cash Budget Consider the budgeted income statement for Carlson Company for June 20X4 in Exhibit 7-13. The cash balance, May 31, 20X4, is $15,000. Sales proceeds are collected as follows: 80% the month of sale, 10% the second month, and 10% the third month. Accounts receivable are $44,000 on May 31, 20X4, consisting of $20,000 from April sales and $24,000 from May sales. Accounts payable on May 31, 20X4, are $145,000. Carlson Company pays 25% of purchases during the month of purchase and the remainder during the following month. All operating expenses requiring cash are paid during…ITS-The Political S A M7: Assignment No.1 10201Ox/aMzlzNzk 1NTQxNDg2/details ВА.. e Home | Edmodo O Spoliarium by Juan.. w You searched for Re.. W Operating Performa... 1 Otn.docxlo. Open with Activity No.: Topic : The Worksheet Problems The following are all the steps in the accounting cycle. List them they should be done. 1. the order in which Closing entries are journalized and posted to the ledger. - An unadjusted trial balance is prepared. - An optional end-of-period spreadsheet (worksheet) is prepared. -A post-closing trial balance is prepared. - Adjusting entries are journalized and posted to the ledger. - Transactions are analyzed and recorded in the journal. Adjustment data are assembled and analyzed. -Financial statements are prepared An adjusted trial balance is prepared Transactions are posted to the ledger 2. 7. 8. 6. 10 The balances for the accounts listed below appeared in the Adjusted Tral Balance columns of the work the Income Statement columns or iobtndicato ther cach…St. ( My The Mic O Mai Mcl O Bus 6 Bad APA Mic Uil • Ben A0 + Do O MA O Wh Ans A mycourses.sgu.edu/access/content/attachment/172d3b94-c459-4b3b-b9da-2cc57a93c3cb/Assignments/d50e87b8-155e-4aa6-845d-9f9986bcaa31/Chp%20... A I Apps A APA citation genera. Grenada SDA Com.. E The Premier Choice. M Gmail YouTube Free, Powerful Engli. O E Planting Calendar. A Maps in Interpretive Simulat. 6 iffer 7-31 Sales Budget A Sendai clothing wholesaler was preparing its sales budget for the first quarter of 20X8. Forecast sales are as follows (All values are in thousands of yen). January ¥203,000 February ¥227,000 March ¥248,000 Sales are 40% cash and 60% on credit. Fifty-five percent of the credit accounts are collected in the month of sale, 35% in the month following the sale, and 10% in the following month. No uncollectible accounts are anticipated. Accounts receivable at the beginning of 20X8 are ¥82,950 (10% of November credit sales of ¥150,000 and 45% of December credit sales of ¥151,000).…
- Mal BS2 As X Cenga x O 60772 X B Modul x O ACC 3: x MindT x ssignment/takeAssignmentMain.do?invoker%3&takeAssignmentSessionLocator=&inprogress=false Margi X+ 10 еВook Video Problem 3-36 (LO. 1, 2, 3, 4, 5, 6) Charlotte (age 40) is a surviving spouse and provides all of the support of her four minor children who live with her (all are under age 16). She also maintains the household in which her parents live and furnished 60% of their support. Besides interest on City of Miami bonds in the amount of $5,500, Charlotte's father received $2,400 from a part-time job. Charlotte has a salary of $80,000, a short-term capital loss of $2,000, a cash prize of $4,000 from a church raffle, and itemized deductions of $10,500. Click here to access the standard deduction table to use, if required. If an amount is zero, enter "$0". a. Compute Charlotte's taxable income. for 2020. b. Using the Tax Rate Schedules (click here), tax liability (before any allowable credits) for Charlotte is $ C. Compute…00 1. C. Show the impact (with amounts) of each of the following items on the horizontal equation. For the asset section, name the specific accounts impacted. i. Record Sales during the year on account of $205,000. ii. Show the impact of $190,000 cash collected during the year. iii. Establish an Allowance for Uncollectible Accounts at year-end. iv. In the following year, an account worth $6,000 is determined to be uncollectible, what is the entry? v. A receivable for $3,500 that was previously written off is collected. What is the 2 step entry? Assets Liabilities + Stockholders' Revenues Expenses Net Income Cash Equity Flow NA NA Increase NA Increase Assets Revenue in the Form of in the Accounts form of Receivable $ Sales 205000 Revenue $ 205000 2. 3. 4. O Focus O AW 68°F sur prt sc home f11 f12 delete f5 Oly 144 & backspace -> unu lock 7. 6. 5. 6. 4. { 99 enterO taxqueenz - Login Content O Question 4 - Wk 2 - Apply: Appli x mheducation.com/ext/map/index.html?_con=con&external_browser=08&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmh.. ply: Application Assignment [due Day 7 A Saved Help Save & Exit Submit Lisa, age 46, needed some cash so she withdrew $56,500 from her Roth IRA, At the time of the distribution, the balance in the Roth IRA was $200,000. Lisa established the Roth IRA 10 years ago. Over the years, she has contributed $21,300 to her account. What amount of the distribution is taxable and subject to early distribution penalty? Multiple Choice $5,650. $35,200. O # e 9 to search 9:58 PM (? 3/1/2021 13 O 14 O 1S 17 C 18 C 19 D f10 D f11 home end [7 8 3 8 R T. 4 5
- M Inbox (909) - camillejeunei @gm i General (BSA 1-1: FAR 2) | Micro O FAR 2 LONG QUIZ /Pages/ResponsePage.aspx?id3DcYWpTercOUiPsQvdXclp-WXyu19p0dpLjDbGCXgjKqpURFVGNzZDSzZDWUhSWkRNTUoxTjBXNzhF The net income from January 1 to September 30, 2019 is P44,000. Also, on this date, cash and liabilities are P40,000 and P90,000, respectively. For Romans to receive P55,200 in full settlement of his interest in the firm, how much must be realized from the sale of the firm's non-cash assets? * Corinthians and Galatians decide to dissolve the partnership on September 30, 2021. neir capital balances and profit ratio on this date, follow: Capital Balances Profit Ratio Romans P50,000 40% Corinthians 60,000 Galatians 20,000 30% P196,000 P177,000 P193,000 国 INV The reatuction that manulacturer Shauld nat market a new il i legally Similar to that d another Company product that due to froductl due ho which public police imitrenent 21 folicyinitrunenth 21 A) Minimen tandard, for Product alent law warrantiel Cofyright CAnt sfmerger lawi Op i 1. Five AppleANotes X A Soluti x A Notes x A Soluti x A Tuton X Answ X OTgzNDkyOTcw/a/MJU1MTU2OT94NZAX/details 2. The following trial balance was extracted from the books of Syarikat Wawa at 31 Mac 2020: RM 83,030 1,620 800 145,800 10,000 8,500 232,950 68,000 3,600 8,400 4,300 9,600 3,180 28,400 16,440 Particulars Capital Carriage in Carriage out Purchases Office equipment Motor vehicle Sales Wages and salaries Rent and rates Lighting and heating Vehicles running cost Telephone expenses General office expenses Debtors Creditors Provision for depreciation: Motor vehicle Office equipment Provision for doubtful debts 4,250 4,000 500 13,570 6,200 Drawings Cash at bank Cash in hand Stock as at 1 April 2019 Return inwards Return outwards 300 8,000 3,800 2,900 Additional information as at 31 Mac 2020: Stock on hand was valued at RM8,800 Rent and rates prepaid RM1,200 Wages and salaries RM1,750 iv. i. ii. i. Depreciation is to be provided as follows: a. Motor vehicles b. Office equipment 50 % reducing…