Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q1. A minister receives an annual salary of $16,000 in addition to the use of a church parsonage with an annual rental value of $6,000.the minister accepted this minimal salary because he felt that was all the church could afford to pay. He plans to report these amounts on his income tax return but he is uncertain how to treat the cash gifts he receives from members of his congregation. These gifts were made out of love and admiration for him. During the year the congregation developed a regular procedure for making gifts on special occasions. Approximately two weeks before each special occasion when the minster was not present, the associate pastor announced before the service that those who wished to contribute to the special occasion gifts could do so by placing in envelopes and giving them to the associate who would give them to the minister. Only cash was accepted to preserve anonymity. The church did not keep a record of the amounts given nor the contributors, but the minister estimates that these gifts amount $10,000 in the current year. How should he treat these gifts?
Q2. Sara receives $5,500 per year scholarship to attend the state university .Sarah spends $4,000 for tuition, $500 for required textbooks and $1,000 for room and board. Sara also has a part time job on campus earnings $3,000 which covered the balance of her room and board and supply expenses. How much does Sara include in her gross income?
Prepare journal entries for 2010 using the Completed-contract method.
Financial management and accounting processes
The investing section of the statement of cash flows report
The current ratio for a company with current assets of $70,000, quick assets of $30,000, net assets of $150,000 current liabilities of $50,000 and net sales of $80,000 would be:
Determine the expected full cost of the Surenex engagement, including an allocation of overhead. Determine the lowest amount that Connie can bill on this engagement without hurting company profit?
Whole a production cost report for the Motor Department of Sun Appliance for March. Leave no cells blank - be certain to enter "0" wherever needed.
Determine the current yield curve based on the information
Evaluate the amount to be reported as the cost of the land
Canliss Mining uses the replacement method to evaluate depreciation on its office equipment.
Evaluate the amount of depreciation expense that can be recognized under each of the subsequent depreciation methods in the first and second years of the truck's useful life.
Net fixed manufacturing overhead cost incurred throughout a period
Perform horizontal financial analysis
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd