User Account

All Pages

Discuss how much is the income subject to tax each year

Assignment Help Accounting Basics
Reference no: EM132868541

Question - In 2018, Alalay received from Bataan a promissory note with a face value of P100,000 for services rendered by the former to the latter. The note will mature in 2019. At the time of receipt in 2018, the note may be sold to a bank at a discount of 18%. Bataan paid the note upon maturity in 2019.

Required - Discuss how much is the income subject to tax each year.

Reference no: EM132868541

Questions Cloud

Highlights of iot benefits and risks : After viewing our guest speaker's presentation and reading the highlights of "IoT Benefits and Risks" in the Instructor Guidance
List four primary ways additional needs are identified : List four primary ways additional needs are identified?
How much should you pay for one share : If the expected growth rate for dividends is 3.4% per year. How much should you pay for one share if your desired rate of return is 6.6% per year
Describe how you would manage customer relation : Describe how you would manage customer relation through the customer relationship management (CRM) process - What factors affect a customers decision-making
Discuss how much is the income subject to tax each year : At the time of receipt in 2018, the note may be sold to a bank at a discount of 18%. Discuss how much is the income subject to tax each year
Describe briefly what you think gillespie means by this : Describe briefly what you think Gillespie means by this, and then draw upon details from the lives of Galileo and Einstein to demonstrate exactly
How many shares should sioson receive : Cruz, 18,000 shares. Guzman, 15,000 shares and Ferrer, 12,000 shares. How many shares should Sioson receive
Identify interviewees orientation and business philosophy : Identify the interviewee's orientation and business philosophy toward key human resource management functions. A face-to-face interview is highly recommended
How firms use strategic alliances to change : Please briefly explain how firms use strategic alliances to change the industry structure in their favor.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd