What is the difference between income which is "realized" and income which is "recognized"?  Which respect to gains/losses from Capital Assets like equity securities (stock), at what point is the gain realized and when is it currently recognized?

Q: Which of the following task is facilitated by Taxation Accounting? a. Tax preparation and tax…

A: Taxation accounting refers to the rules and policies, regulations used to generate tax assets and…

Q: Which of the following statements is correct?     Earnings and profits are exactly the same as…

A: Amount paid to the shareholders by the company from the profits earned is called dividends. Out of…

Q: Differentiate the accounting measurement of current tax liability and current tax asset from…

A: Tax is the charges levied by the central and state government on the net income, sale or capital…

Q: For each term indicate the best definition or that none apply. Disappearing Source Rules - Dividend…

A: Companies pay divided out of profit earned in the accounting year.

Q: Which of the following refers to the elements of Comprehensive Income?  a) Net Income, Interest…

A: Net income is the excess of sales over all the expenses including interest expense and income taxes.

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 regarding the weighted-average cost of capital is true?  Group of answer…

A: The weighted average cost of capital is the average rate that a company is expected to pay to its…

Q: If profits are eventually issued as dividends, IAET-subject profits are liable to income tax. False…

A: Tax is a charge which is charged on the taxable income and the dividend tax is the charge which is…

Q: added to the financial income in computing for the taxable income?

A: First option is wrong because the unrealizable gains from trading securities is to be deducted from…

Q: assumption made for the tax effect method of accounting for a company’s income tax

A: Option A is wrong because an accounting balance sheet and a tax balance sheet will be different.…

Q: What is an imputation tax system? Briefly explain the chronology of dividend payment.

A: Countries like Australia and New Zealand follow 100% imputation system, whereas Canada and United…

Q: Which source of investor income is susceptible to double taxation? Interest earned O Dividends

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

Q: What is the controlling interest percentage for a business combination tax return? what does a…

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: The income earned by an investment company is taxed: Select one: O a. at the corporate and…

A: Investment Company- A corporation that issues or invests in stocks and bonds is known as an…

Q: similarities between income taxation and business taxation?

A: Income taxation and business taxation are terms used related to taxation.

Q: Profits or losses are recorded in a share capital account. O TRUE O FALSE The main differences…

A: Pay as you earn system or tax deduction at source in some countries are the advance tax payment…

Q: Do the liabilities and assets that are generated by using the 'balance sheet method' of accounting…

A: The implication of the rules of conceptual frame work will helpful to create best standard in the…

Q: xplain the benefit approach and ability to pay approach with tax equity. Which approach is…

A: Taxes are the payments made by the individuals and corporation on their earnings. It is a compulsory…

Q: Taxable income of a corporation Select one: a. is reported on the corporation's income statement.…

A: Taxable income is the amount of income on which tax is to be levied.  The amount of income earned…

Q: Which of the following methods is not allowed for tax purposes if FIFO (first in first out) is used…

A: Under FIFO(First in, First Out) method, inventories purchased first are assumed to be sold first.…

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: Which is not a scheme in taxing income? * O a. Ordinary gain taxation O b. Regular income taxation O…

A: Income Tax - Income Tax is the tax levied on the income earned by the individual. It could be…

Q: What are the possible treatments for tax purposes of anet operating loss? What are the circumstances…

A: Net operating loss: When the level of income is less than the expenses for a given or a considered…

Q: ansact ary In

A: This taxation problem is related to Pakistan and the financial year of…

Q: What is the value for IHT and capital gain tax (CGT) purposes?

A: What is Inheritance Tax?Inheritance Tax (IHT) is a tax on the estate of someone who has died,…

Q: The most tax-advantaged form of income for investors is

A: Ownership of an organization can be broken down into small parts or units also known as Shares.…

Q: Which option is the correct definition of tax base? Select one: a. Tax base is the amount the asset…

A: Explanation: Tax Base is defined as the amount that is attributed to an asset or liability for tax…

Q: . Use the criteria of equity and efficiency in taxation to evaluate the idea of taxing capital gains…

A: Taxing capital gain: There are fives sources of income recognized by the tax authorities on which…

Q: Accounting profit is O A. The The profit or loss is for a period determined before deducting in…

A: There are two types of income. One is accounting income, and the other is taxable income. Tax…

Q: For fi nancial assets classifi ed as available for sale, how are unrealized gains and losses refl…

A: The unrealized gains and losses are realized as Uncomprehensive Income. It’s a line item which…

Q: Dividends are recognized in profit or loss

A: First option is correct because an income is recognized only when it can be measured reliably. Third…

Q: Do you believe that the cash flows from the sale of an investment should also include the tax effect…

A: Cash Flows in any entity's books reflect the inflow and outflow of cash during a specified period

Q: Classify the following items that may cause discrepancy between accounting profit and taxable…

A: Taxable income is that the portion of your gross income wont to calculate what proportion tax you…

Q: This refers to the process of taxation to determine the amount of tax based on existing tax laws.

A: Answer: b. Imposition

Q: Explain how dividend policy may affect shareholders wealth with particular attention to the tax…

A: Dividend per share and dividend yield are used to measure dividend policy. Dividend policy has…

Q: Which depreciation method is most common for financial reporting? Which depreciation method is most…

A:

Q: xplain the taxation theories

A: The process through which a government or taxing authority imposes or collects a tax from its…

Q: how company's financial statement reflects the potential tax avoidance? For example?

A:

Q: Classify the following items that may cause discrepancy between accounting profit and taxable…

A: 1. Collections of rental in excess of rent revenue reported during the period is a Taxable temporary…

Q: What are the differences between income taxation and business taxation?

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: How does income taxation differs from transfer and business tax?

A: Income tax is a direct tax that governments impose on income generated by individuals and business…

Q: What is the difference between tax rates and tax rate structures? How does this notion of…

A: Income tax payable is an obligation for the tax payers to the government on the taxable income.…

Q: What is an assessment under the income tax assessment legislation? and why are assessments importa

A: Solution Return under income tax                 Every person whose income is taxable as per the…

Q: The general rule in income taxation is   capital gains taxation. regular income taxation fringe…

A: Answer: The income taxation covers many aspect of income sources. It includes salary, capital gains…

Q: Which of the following has a different treatment for cash and accrual basis of tax accounting?…

A: Under cash basis accounting, the transactions are recorded when the income is actually received or…