Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 09, 2024

11. Miss Isha has 1,000 10% Debentures of X Ltd. acquired on 17/04/2009 for 120 each. As on 1/02/2021, she sold such asset for 1,45,000.

11. Miss Isha has 1,000 10% Debentures of X Ltd. acquired on 17/04/2009 for 120 each. As on 1/02/2021, she sold such asset for 1,45,000. Brokerage @ 72 % of sale value was paid by her. Compute capital gain

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Construction accounting and financial management

Authors: Steven j. Peterson

2nd Edition

135017114, 978-0135017111

More Books

Students also viewed these Accounting questions

Question

★★★★★

Highstreet Inc. is a distributor of electronic equipment. In January 2014, the company purchased a new building for its warehousing and head office requirements for a total cost of S5 million. It is...

Answered: 1 week ago

Question

★★★★★

In January 2011, Boulware Co. pays $2,750,000 for a tract of land with two buildings. It plans to demolish Building A and build a new shop in its place. Building B will be a company office; it is...

Answered: 1 week ago

Question

★★★★★

List the steps for conducting a survey research study, including the design phase, the sampling plan, designing the questionnaire, conducting the survey, and troubleshooting the questionnaire.

Answered: 1 week ago

Question

★★★★★

You have just started a business and want your new employees to be well informed about capital budgeting. Requirement 1. Match each definition with its capital budgeting method. METHODS 1. Rate of...

Answered: 1 week ago

Question

★★★★★

The inflation premium is based on past and current inflation levels. True or False True False

Answered: 1 week ago

Question

★★★★★

Future Value and Multiple Cash Flows (LO1) Dundonald Inc. has identified an investment project with the following cash flows. If the discount rate is 8%, what is the future value of these cash flows...

Answered: 1 week ago

Question

★★★★★

ABC Company has current assets of $100,000 and capital assets of $140,000. Current liabilities are $60,000 and long-term liabilities are $90,000. There is $40,000 in preferred stock outstanding and...

Answered: 1 week ago

Question

★★★★★

Tamarisk Corporation had income from continuing operations of $10,763,000 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of $201,600. Prior to disposal, the...

Answered: 1 week ago

Question

★★★★★

Bonita Corporation had income from continuing operations of $10,615,500 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of $191,900. Prior to disposal, the division...

Answered: 1 week ago

Question

★★★★★

O'Hara Photography's checkbook lists the following (Click the icon to view the checkbook.) Read the requirements Requirement 1. Prepare O'Hara Photography's bank reconciliation at November 30, 2024....

Answered: 1 week ago

Question

★★★★★

On January 1, 2022, Blossom Corporation acquired machinery for $1470000. Blossom adopted the straight-line method of depreciation for this machine and had been recording depreciation over an...

Answered: 1 week ago

Question

★★★★★

How are the sustainable HRM practices you chose in Question 1 aligned with the organizations strategic objectives?

Answered: 1 week ago

Question

★★★★★

Describe and discuss HRM strategies that MNCs can use when entering Mexico.

Answered: 1 week ago

Question

★★★★★

HR manager Alexandra must focus on those HRM practices that could help to address the turnover problem. However, simultaneously, she must keep costs at bay and ensure that the selected practices...

Answered: 1 week ago

Previous Question Next Question