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1- Because of Sonia, her car was totally destroyed in an accident. She needs to calculate the loss that was incurred (casualty). Where should she

1- Because of Sonia, her car was totally destroyed in an accident. She needs to calculate the loss that was incurred (casualty). Where should she look in her books and her accounting records in order to calculate this figure?

Assets

Passives

Income

Expenses

2- Which of the following sanctions will take effect for failure to file a tax return? of 1 percent (0.5 percent) of the tax due for each month of delay, limited to 25 percent of the taxes due 5 percent of the tax due for each quarter of delay, limited to 25 percent of the taxes due 5 percent of the tax due for each month of delay, limited to 25 percent of the taxes due 20 percent of the tax owed

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