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Plz answer me all the questions.. Concord Ltd. has the following equity accounts at January 1, 2020. Preferred shares outstanding: 2,500 shares Common shares outstanding:
Plz answer me all the questions..
Concord Ltd. has the following equity accounts at January 1, 2020. Preferred shares outstanding: 2,500 shares Common shares outstanding: 4,800 shares $50,000480,000 What was the average isque price of the preferred shares? [A] The following information relates to Suniand inc: Accounting income for the year ended June 30, 2020 was $133,000. No permanent differences existed during the fiscal year, The company was expected to operate profitably in the future. The tax rate was 20x for the current and future years. Suntand inc. follows IFRS. Calcuiate the amount of tacable income for 2020. Taxbble income. 2020 S[A] Prior to 2019, the accounking income and taxable income for Coronado Corporation were the same, On January 1 , 2019, the company purchased equipment at a cost of 5504,000 . For accounting purposes, the equipment was to be depreciated over 9 years using the straight-tine method. For income tax purposes. the equipment was subject to a CCA rate of 20 ; (hatf-year rule applies for 2019 ). Coronado's income before tax for accounting purposes for 2020 was 51,970,000. The company was subject to a 25 income tax rate for all applicable years and anticipated profitable years for the foreseeable future. Coronad o Corporation follown IFRS. Calculate taxable income and taxes payable for 2020. Monty Corporation recorded warranty aceruals as at December 31,2020 in the amount of 5156,000 . This reversing difference witl cause deductible amounts of \$50,900 in 2021, 541,500 in 2022, and 565,600 in 2023, Monty's accounting income for 2020 is 5146,000 and the tax rate is 25% for all years. There are no deterred tax accounts at the beginning of 2020 Calculate the deferred tax balance at becember 31,2020 . Deferred tax Step by Step Solution
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