ABC Inc., a calendar year retailer that sold ice skates, had the following amounts at December 31, 2020: Net Sales $938,500 COGS 475,300 Operating 123,700 Expenses Other Income and (expense) 10,200 Other Comprehensive Loss (4,400) Current taxes 20,800 payable Net Income 221,900 What was ABC's provision for income taxes? $107,800 $117,600 $127,800 $123,400

. Presented below is the 2019 income statement for Billie's Baubles. The tax rate was 35% in 2019. Income statement for the period ended 12/31/19 Sales Less: Cost of goods sold Less: Depreciation Gross profit Less: S, G & A expenses Operating profit Less: Interest expense Profit before tax Less: Tax expense Net income $400 100 50 250 100 150 $31.05 $61.95 $87.95 $92.50 7 143 40 $103 Assume that the change in capital expenditures for 2019 was $30 and the change in net working capital was $25. What was Billie's Baubles' Free Cash Flow (FCF) for 2019?

Company is subject to an income tax rate of 30%. It has the provided the following data on December 31, 2021: Income Statement Items for 2021:                 Net sales P3,600,000                                Cost of goods sold 1,100,000 Operating expenses including depreciation 840,000Depreciation expense 60,000Interest expense 100,000Income tax expense ?   Other information for 2021: Payment of bank loan 300,000 Dividends paid to stockholders P250,000   Balance Sheet Items: December 31, 2021                                                          December 31, 2020Cash and cash equivalents 2,000,000                         P1,750,000Accounts receivable 670,000                                          410,000Inventory 430,000                                                             220,000Supplies 18,000                                                                  12,000Accounts payable 520,000                                               380,000Accrued liabilities 72,000…

What is the amount subject to business tax? 2 points Jackpruit, a seller of goods, had the following transactions in January 2020: 200,000 300,000 40,000 20,000 Cash sales P Credit/Installment sales (40% collected) Sales returns and allowances Freight-out charged to customers O PO P460,000 P480,000 P500,000

How much is the balance of AMSTERDAM's retained earnings account at December 31, 2021?

A VAT taxpayer had the following data on its operations for he month of January 2018:Sales, total invoice price P 592,480Purchases of goods, VAT not included:From VAT registered persons 100,000From nonVAT registered persons 8,000From persons subject to percentage taxes 10,000Salaries of employees 60,000Other operating expenses 12,000This is the first month of being liable to value added tax. Data in inventories at the beginning of the period bought from VAT registeredpersons follow:Inventory at cost P 44,800Inventory at realizable value 49,000Value added tax paid on beginning inventory 4,80016. How much is the input tax?17. How much is the value added tax payable?

Al Mamari Automobile Spare Parts LLC has provided following Income Statement for the year ending 31st Mar 2021: Particulars Amount Sales Less: Cost of Goods Sold 80,000 -50,000 Gross Profit Less: Operating Expenses 30,000 -15,000 Operating Profits (EBIT) Less: Financial Charges (Interest Paid) 15,000 -3,000 Profit Before Tax Less: Taxes 12,000 -1,800 Profit After Tax (Net Profit for the Year) 10,200 Calculate Operating Profit Ratio and Net Profit Ratio from the above Income Statement