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Question - Mr. R acquired a residential house on 1st September 1998 for Rs. 1,00,000. During the year 1999-2000, he spent Rs. 40,000 for the improvement of this property. During the year 2004-2005, he spent further amount of Rs. 50,000 on the improvement of the house. Mr. R gifted the said property to his son Mr. S on 12th October 2010. Mr. S spent the following amounts for the improvement of the property as below -
15.7.2015 - Rs. 50,000
15.6.2017 - Rs. 40,000
Mr. S sold the said property on 20th February 2020 for the amount of Rs. 10,00,000. He paid the brokerage of 2% of the consideration to the broker. Assuming the fair market value as on 1.4.2001 to be Rs. 3,00,000, calculate the capital gains for the Assessment Year 2020-2021.
Southern Production Company has 100 labor-hours available. What is the contribution margin per labor-hour for Product A
as the manager of the accounts receivable department for beavis leather goods ltd. you recently noticed that kelly
Oriole also had 200,000 common shares outstanding during the year. Calculate Oriole's 2020 earnings per share
Troyer had a net loss of $75,000 and paid dividends to the stockholders of $50,000. At December 31, 2017, calculate the balance in Retained Earnings
Special Revenue Funds are used if the law restricts one or more specific sources of revenue, rather than general tax revenues, for specific purposes.
Assume you had to prepare an assessment of internal control over financial reporting at Nortel, what would your conclusion be and why?
Various cost-behavior patterns. (CPA, adapted). The vertical axes of the graphs below represent total cost, and the horizontal axes represent units produced.
Tom's Fit Inc. a readymade garment seller accepts payment through credit cards. During the month of August, the card sales amounted to $12,000.
Question 1: In the case of Hampton v. United States, 425 U.S. 484 (1976) the Defendant's conviction was reversed by the US Supreme Court due to excessive governmental involvement in the crime
Calculate the break-even time for the new product.
Raner, Harris, & Chan is a consulting firm that specializes in information systems for medical and dental clinics. Calculate the increased segment margin
Allowance for Uncollectible Accounts had a credit balance of 6,000. What dollar amount should be credited to Allowance for Uncollectible Accounts at year end
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