The company intend to make Gift Aid donations of £30,000 every six months, starting on 30 November 2019. (a) Compute the company’s corporation tax liability for the year (b) How would the tax liability differ if the accounting period had been the year to 30 April 2020 and all of the dates given above had been on month later?

The company intend to make Gift Aid donations of £30,000 every six months, starting on 30 November 2019. (a) Compute the company’s corporation tax liability for the year (b) How would the tax liability differ if the accounting period had been the year to 30 April 2020 and all of the dates given above had been on month later?

Name: please question A and B is required. A company has the following resul
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Description: please question A and B is required. A company has the following results for the year to 31 March 2020: £Adjusted trading profit, after deduction of capital allowances 360,284Bank deposi

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 12E: Inferring Accounts Receivable Amounts At the end of 2019, Karras Inc. had a debit balance of 141,120...

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On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:Accounts Debit CreditCash $ 25,100Accounts Receivable 46,200Allowance for Uncollectible Accounts $ 4,200Inventory 20,000Land 46,000Equipment 15,000Accumulated Depreciation 1,500Accounts Payable 28,500Notes Payable (6%, due April 1, 2022) 50,000Common Stock 35,000Retained Earnings…
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Liberty Corporation reported the following financial statements: Assume all sales are on credit. During 2019, Liberty’s days’ sales in receivables ratio Was (amounts rounded) a. 34 days. b. 30 days. c. 32 days. d. 28 days
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4. Determine the ending balance of AccountsReceivable as of December 31, 2019. 5. What is the net realizable value of thereceivables at the end of 2019? 6. The company has a notes receivable ofRp24,000 at January 15, 2019 for 3 months at10% interest rate. Prepare journal entry as ofApril 15, 2019, on its due date.