Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 24, 2024

q7 A resident citizen taxpayer sold share of stock of a domestic corporation directly to the buyer at its fair market value amounting to P300,000.

q7 A resident citizen taxpayer sold share of stock of a domestic corporation directly to the buyer at its fair market value amounting to P300,000. Cost of the shares sold is P220,000. Compute for the ...

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

Managerial Accounting

Authors: James Jiambalvo

4th edition

9780470546888, 9780470333341, 470546883, 470333340, 978-0470578797

More Books

Students also viewed these Accounting questions

Question

★★★★★

The following are the Year 9 income statements of Kent Corp. and Laurier Ltd. Additional Information ¢ Kent acquired its 40% interest in the common shares of Laurier in Year 3 at a cost of...

Answered: 1 week ago

Question

★★★★★

What are the three primary reasons people become entrepreneurs?

Answered: 1 week ago

Question

★★★★★

Use the Comparison Test or Limit Comparison Test to determine whether the following series converge. Data from in Comparison Test & Limit Comparison 00 k=1 1 k+4

Answered: 1 week ago

Question

★★★★★

How will you grade work if you have successfully differentiated instruction?

Answered: 1 week ago

Question

★★★★★

Determine the magnitude of force F so that the resultant FR of the three forces is as small as possible. What is the minimum magnitude of FR? Units Used: kN = 1000 N Given: F1 = 5 kN F2 = 4 kN...

Answered: 1 week ago

Question

★★★★★

Professional Pool Cleaning Service provides pool cleaning services to residential customers. The company has three employees, each assigned to specific customers. The company considers each...

Answered: 1 week ago

Question

★★★★★

A horizontal flow initially at Mach 1 flows over a downward-sloping expansion corner, thus creating a centered Prandtl-Meyer expansion wave. The streamlines that enter the head of the expansion wave...

Answered: 1 week ago

Question

★★★★★

Assume at the sampling instant for the second bit of the 0101 pattern, we get (x-4) mV, 0.7mv, (x) mV, and (x4) mV from the four symbols and (x-3) mV from the noise. 1. What is the ISI component? 2....

Answered: 1 week ago

Question

★★★★★

40 kN R1-5: A circular plate of diameter 120 mm and thickness 10 mm is placed over a circular hole of diameter 60 mm in the ground. A circular shaft of diameter 50 mm sits on top of the plate and has...

Answered: 1 week ago

Question

★★★★★

If the tape timer creates dots at a rate of 28Hz, what time interval in seconds does 3 successive dotsrepresent?

Answered: 1 week ago

Question

★★★★★

Perceived environmental uncertainty is a function of environmental complexity and: receptivity productivity change contingency Question 8 14 points

Answered: 1 week ago

Question

★★★★★

Aguila Corporation produces a single product. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The standard costs for one unit of product are as follows:...

Answered: 1 week ago

Question

★★★★★

Schedule of Cost of Goods Manufactured and Sold At December 31, 2019, the end of its fiscal year, Lederman Manufacturing Corporation collected the following data for 2019: BusinessCourse Return to...

Answered: 1 week ago

Question

★★★★★

Question 4-5 are based on the following: ABC company incurred $31,000 in manufacturing overhead and applied $33,000 to jobs during 2016. Budgeted manufacturing overhead costs at the beginning of the...

Answered: 1 week ago

Question

★★★★★

Describe the Operations (+,,*,/) that can cause negligible addition (NA), error magnification (EM), or subtractive cancellation (SC) in calculating ?((x^2)+1) - x . Give the range of where they might...

Answered: 1 week ago

Question

★★★★★

11.22. A stock price is currently $50. Assume that the expected return from the stock is 18% per annum and its volatility is 30% per annum. What is the probability distribution for the stock price in...

Answered: 1 week ago

Question

★★★★★

5-19 In Problems 5-17 and 5-18, three different forecasts were developed for the demand for fertilizer. These three forecasts are a 3-year moving average, a weighted moving average, and a trend line....

Answered: 1 week ago

Question

★★★★★

11.21. Show that the probability that a European call option will be exercised in a risk-neutral world is, with the notation introduced in this chapter, N(d2). What is an expression for the value of...

Answered: 1 week ago

Previous Question Next Question