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Baygon ltd has presented the following income particulars for the year 2 0 2 2 ; Ksh 0 0 0 Sales 1 , 9 4
Baygon ltd has presented the following income particulars for the year ; Ksh Sales Purchases Closing stock Cost of sales Interest from bonds held in Ghana Discount received Dividend from Limuru Tea ltd net Operating expenses allowable Depreciation Finance cost Additional information: The company had a policy of maintaining a closing stock thats twice the value of the opening stock. The closing stock above is undervalued by Required: Calculate the taxable income for Baygon ltd for the year The Tax laws for apply accordingly. A Ksh B Ksh C Ksh D Ksh Question Not yet answered Marked out of Flag question Question text Yutong K ltd which is a microenterprise has presented the following income particulars for the year ; Ksh Sales Purchases Closing stock Interest from Loan Stocks held in Singapore Discount received Dividend from EABL K ltd Operating expenses allowable Depreciation Finance cost Additional information: The closing stock above is undervalued by The opening stock was ksh Required: Calculate the taxable income for company for the year A Ksh B Ksh C Ksh D Ksh Question Not yet answered Marked out of Flag question Question text BIG TIGER Insurance ltd presented the following information relating to its general insurance business for the year : Ksh Premiums received Premiums returned to policyholders Premiums received on reinsurance contracts Premiums receivable; bd Premiums receivable; cd Bonus utilized in reduction of premiums Premiums transferred on reinsurance Required: Calculate the maximum amount of allowed management expenses for the company. A B Ksh C D Ksh Question Not yet answered Marked out of Flag question Question text BIG TIGER Insurance ltd presented the following information relating to its life insurance business for the year : Ksh Premiums received Premiums returned to policyholders Premiums received on reinsurance contracts Actuarial surplus transferred to shareholders Premiums receivable; bd Premiums receivable; cd Bonus utilized in reduction of premiums Management expenses Premiums transferred on reinsurance Required: Calculate the taxable income from the life business of the insurance company. A Ksh B Ksh C Ksh D Ksh Question Not yet answered Marked out of Flag question Question text Grand Canyon ltd which listed of its issued share capital at the Nairobi Securities Exchange NSE in the year has presented the following summary income statement items for the year : Ksh Ksh Sales Opening stock Purchases Closing stock Discount received Specific bad debts recovered Insurance recovery Lorry written off after an accident Dividends from Uzima ltd listed at NSE gross Interest on fixed deposit account held at Citi Bank net Interest from a bond issued by Wuyii China ltdin China Operating expenses Net profit Additional information: The opening has been undervalued by and the closing stock has been overvalued by Operating expenses include depreciation amounting to ksh The operating expenses exclude discount allowed of ksh Required: Calculate the tax payable by the company for the year A Ksh B Ksh C Ksh D Ksh Question Not yet answered Marked out of Flag question Question text Wajumbe Sacco k ltd has presented has presented the following information on their financial
Baygon ltd has presented the following income particulars for the year ;
Ksh
Sales
Purchases
Closing stock
Cost of sales
Interest from bonds held in Ghana
Discount received
Dividend from Limuru Tea ltd net
Operating expenses allowable
Depreciation
Finance cost
Additional information:
The company had a policy of maintaining a closing stock thats twice the value of the opening stock.
The closing stock above is undervalued by
Required:
Calculate the taxable income for Baygon ltd for the year The Tax laws for apply accordingly.
A
Ksh
B
Ksh
C
Ksh
D
Ksh
Question
Not yet answered
Marked out of
Flag question
Question text
Yutong K ltd which is a microenterprise has presented the following income particulars for the year ;
Ksh
Sales
Purchases
Closing stock
Interest from Loan Stocks held in Singapore
Discount received
Dividend from EABL K ltd
Operating expenses allowable
Depreciation
Finance cost
Additional information:
The closing stock above is undervalued by The opening stock was ksh
Required:
Calculate the taxable income for company for the year
A
Ksh
B
Ksh
C
Ksh
D
Ksh
Question
Not yet answered
Marked out of
Flag question
Question text
BIG TIGER Insurance ltd presented the following information relating to its general insurance business for the year :
Ksh
Premiums received
Premiums returned to policyholders
Premiums received on reinsurance contracts
Premiums receivable; bd
Premiums receivable; cd
Bonus utilized in reduction of premiums
Premiums transferred on reinsurance
Required:
Calculate the maximum amount of allowed management expenses for the company.
A
B
Ksh
C
D
Ksh
Question
Not yet answered
Marked out of
Flag question
Question text
BIG TIGER Insurance ltd presented the following information relating to its life insurance business for the year :
Ksh
Premiums received
Premiums returned to policyholders
Premiums received on reinsurance contracts
Actuarial surplus transferred to shareholders
Premiums receivable; bd
Premiums receivable; cd
Bonus utilized in reduction of premiums
Management expenses
Premiums transferred on reinsurance
Required:
Calculate the taxable income from the life business of the insurance company.
A
Ksh
B
Ksh
C
Ksh
D
Ksh
Question
Not yet answered
Marked out of
Flag question
Question text
Grand Canyon ltd which listed of its issued share capital at the Nairobi Securities Exchange NSE in the year has presented the following summary income statement items for the year :
Ksh
Ksh
Sales
Opening stock
Purchases
Closing stock
Discount received
Specific bad debts recovered
Insurance recovery Lorry written off after an accident
Dividends from Uzima ltd listed at NSE gross
Interest on fixed deposit account held at Citi Bank net
Interest from a bond issued by Wuyii China ltdin China
Operating expenses
Net profit
Additional information:
The opening has been undervalued by and the closing stock has been overvalued by
Operating expenses include depreciation amounting to ksh
The operating expenses exclude discount allowed of ksh
Required:
Calculate the tax payable by the company for the year
A
Ksh
B
Ksh
C
Ksh
D
Ksh
Question
Not yet answered
Marked out of
Flag question
Question text
Wajumbe Sacco k ltd has presented has presented the following information on their financial
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