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Mr. Aguak earned the following prizes from two different competitions:
Date Event Gross Prize
January 4, 2017 Singing competition P 12, 000
February 14, 2017 Painting Competition 10, 000
Problem 1: Compute the total final tax that should have been withheld from the above prizes.
a. P 5, 500
b. P 4, 420
c. P 3, 000
d. P 2, 400
Ajax Ltd reported Net Income of $435m in 2013, after providing for $186m in tax at a rate of 30%. Interest Expense was $56m and Depreciation was $32m. Calculate the free cash flow generated by Ajax Ltd in 2013.
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What is the over-allowance granted by BULLOCK on the trade-in transaction? BULLOCK Inc. sells automatic weapons costing P 700,000
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On October 31, 2016, the balances of the accounts appearing in the ledger of Prestige Furnishings Company, a furniture wholesaler, are as follows: Prepare a multiple-step income statement for the year ended October 31, 2016. Be sure to complete the ..
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