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Question - Johnny Jobul is self employed and runs his business from his home. He has $200,000 in business income in 2020. During the current year, he has the following costs: Utilities- $100; Maintenance- $500; Property taxes- $200; Interest on Mortgage- $6000; Repainting and rewiring the work space in home-$1430
His home office is 380 square feet. His house is 1000 square feet total. Determine the maximum work space in home deduction that would be available to Mr. Jobul.
Find What will be recorded in Rabbit's financial statements at 30 June 2020 in respect of the lease liability?The present value of the lease payments
Oscorp Technologies retained earnings at the end of 2014 were $8,000,000; 2015 net income. What was the amont paid in dividends to common stockholders in 2015?
Exercise - The following are two independent situations. Prepare all necessary journal entries in 2014 for both situations
swift corp. a capital goods manufacturing business that started on january 4 2012 and operates on a calendar-year basis
What tools are available to compare companies that differ in size? How can these tools be used in everyday life? Provide example and reference.
Compute the revised manufacturing overhead cost per unit for each type of entry door.
If James is aware of the lessor's implicit interest rate, what entry should James record as an asset on its books on January 1, 2010
The gain is included in the net income reported by the Subsidiary. Determine the equity holders of parent's net income
a basic usage of the two different qualities named a and b which are to be used weekly as their normal usage is
Evergreen Corp. has two divisions, Fern and Bark. Fern produces a widget that Bark could use in the production of units that cost $175 in variable costs, plus the cost of the widget, to manufacture.
Refer to the situation described in BE 10-12. Answer the questions assuming that the exchange lacks commercial substance.
Prepare Zambrano's journal entries to record the Soriano acquisition assuming its initial cash payment to the former owners was $745,000
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