What is the latest time that an application for a change in accounting period may be filed?
Question:
What is the latest time that an application for a change in accounting period may be filed?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
The deadline for filing an application for a change in accounting period depends on several factors including 1 Entity type Businesses Forprofit busin...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
Question Posted:
Students also viewed these Business questions
-
The following questions are adapted from a variety of sources including questions developed by the AICPA Board of Examiners and those used in the Kaplan CPA Review Course to study accounting changes...
-
Questions about Interim Reporting Required Prepare a brief answer to each of the following questions about interim reporting, assuming the company is preparing its Form 10-Q for the third quarter of...
-
Due to the complexity of International Financial Reporting Standards (IFRS), often judgments used at the time of transition to IFRS have resulted in prior period adjustments and changes in estimates...
-
Your friend Jin is working at Company AUS Toys, an Australian manufacturing company, selling toys to Company Toy Shop. Company Toy Shop also buys toys from Company CNY Toys in China which has fixed...
-
List some problems that elderly people might have as a result of decreasing hormone production.
-
Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes...
-
E 8-12 Journal entries when subsidiary issues additional shares directly to parent Pam Corporations Investment in Sun Company account had a balance of $475,000 at December 31, 2016. This balance...
-
SpringFresh provides commercial laundry and dry cleaning services to local hospitals, hotels, and restaurants. Management believes that the dry cleaning business is a loser, even though dry cleaning...
-
Southwestern Wear Inc. has the following balance sheet: Current assets $ 1 , 8 7 5 , 0 0 0 Accounts payable $ 3 7 5 , 0 0 0 Fixed assets 1 , 8 7 5 , 0 0 0 Notes payable 7 5 0 , 0 0 0 Subordinated...
-
What is the basis in a shareholder's stock after a Code Sec. 351 exchange?
-
How does the capital gain and loss treatmen of corporate taxpayers differ from that of individuals?
-
Access the financial statements of BHP Billiton plc for the companys year ended June 30, 2012. Access the financial statements of Newfield Exploration Company for the company's year ended December...
-
SOUTHWEST AIRLINES: PROFILE OF A LEADER Airlines have faced economic difficulties with rising fuel costs and increased security standards. While many airlines have faced bankruptcy and corpo- rate...
-
a-1.If the required return is 11 percent, what is the profitability index for both projects? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) Project...
-
More info Mar. 1, 2024 Dec. 1, 2024 Dec. 31, 2024 Dec. 31, 2024 Jan. 1, 2025 Feb. 1, 2025 Mar. 1, 2025 Mar. 1, 2025 Borrowed $585,000 from Bartow Bank. The nine-year, 5% note requires payments due...
-
Describe the Leader(s) - Leadership Qualities/Style of Captain America in the movie The Avengers 1 (2012) Describe the actions that illustrate specific leadership characteristics and behaviors of...
-
During the current year, a company exchanged old equipment costing $ 6 4 , 0 0 0 with accumulated depreciation of $ 5 0 , 0 0 0 for a new truck. The new truck had a cash price of $ 8 0 , 0 0 0 and...
-
Why is the average linkage method usually preferred to single linkage and complete linkage?
-
Outline a general process applicable to most control situations. Using this, explain how you would develop a system to control home delivery staff at a local pizza shop.
-
Distinguish between current and accumulated E&P.
-
Why is the partner's basis in distributed property limited to his/her basis in the partnership interest prior to the distribution?
-
How does the assumption of corporate liabilities affect the amount realized by shareholder in a complete liquidation? How does the assumption of liabilities affect the basis for assets received in a...
-
A proposed $2.5 M investment in new equipment at a 100 MG/y M&Ms factory will save the plant $800,000/y in energy costs. Assuming an annual interest rate of 5%/y (compounded annually), and an...
-
Brief Exercise 10-7 Coronado Company obtained land by issuing 2,250 shares of its $14 par value common stock. The land was recently appraised at $103,240. The common stock is actively traded at $44...
-
The following schedule reconciles Cele Co.'s pretax GAAP income Pretax GAAP income Nondeductible expense for fines Tax deductible depreciation in excess of GAAP depreciation expens Taxable rental...
Study smarter with the SolutionInn App