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Top Company's 2011 sales revenue was $200,000 and 2010 sales revenue was $180,000. Top's total assets as of 31st December, 2011 were $150,000 and total assets as of 1st January, 2011 were $130,000. Evaluate Top's total asset turnover ratio?
Evaluate the project's NPV? Note that a project's expected NPV will be negative, in which case it will be rejected.
Create a memo to Texaco Inc's chief accountant showing the appropriate income tax allocation required for the above items, adding the appropriate balance sheet presentation
NML Ltd is a public gold mining company that is exploring for gold in the Ballarat and the Bendigo region. Geoff is the managing director and he seeks your advice as to the deductibility of the following expenses which were incurred prior to 30 June ..
Discuss in detail the needs of incorporating the business, the advantages and disadvantages, and provide JJ with recommendations.
What amount of property tax revenue could the county report in its government-wide statements for 2012 and 2013? Describe.
The income tax return excluded a revenue item of $10,000 (reported on income statement) because under tax laws the $10,000 would not be reported for tax purposes until 2011.
Find what the total tax due is for 2012, including self-employment tax, for stuart, suppose that he earned $20,000 in wages,
Evaluate the impact, positive or negative, that your proposed eliminations would have on corporations and the economy. Give evidence to support your position.
Advise Jools of its legal rights and remedies, if any. In your answer discuss any legal points that Ming may argue. You may assume that Jools has satisfactorily performed all of its obligations under the original contract.
Give the journal entries made by Sara Lee to record the 2009 income tax expense (net) of $224. Remember to assign the expense and benefit between current and deferred.
Show the tax issues that are raised and the relevant sections of the legislation.
Suppose the county has incurred $800,000 of construction costs on the project by end of its fiscal year (June 30,2005), the fund balance of the capital projects fund used to account for this project could be?
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