Question
The company, North S.L., has the following information in the Balance Sheet and Profit and Loss Account for 2016, before calculating its Corporate Tax: BALANCE
The company, North S.L., has the following information in the Balance Sheet and Profit and Loss Account for 2016, before calculating its Corporate Tax:
BALANCE SHEET | ||
ASSETS | LIABILITIES | |
69.360,00 A) NON CURRENT ASSET | A) NET EQUITY | 105.130,00 |
4.860,00 1. Intangible asset | A-1) Equity | 60.000,00 |
4.860,00 1. R+D | 1. Capital | 60.000,00 |
4.860,00 201 DEVELOPMENT | 1. Issued capital | 60.000,00 |
64.500,00 II. Tangible Fixed Assets | 100 SOCIAL CAPITAL | 19.500,00 |
64.500,00 2. Technical facilities and others. | III. Funds | 12.000,00 |
52.000,00 213 MACHINERY | 1. Legal y statuary | 12.000,00 |
8.000,00 216 FURNITURE | 112 LEGAL FUNDS | 7.500,00 |
3.500,00 217 INFORMATION PROCESSING EQUIP. | 2. Other funds | 7.500,00 |
25.000,00 218 TRANSPORT | 113 VOLUNTEER FUND | 25.630,00 |
-24.000,00 281 CUMULATIVE DEPRECIATION | VII. Result of the fiscal year | 32.000,00 |
104.050,00 B) CURRENT ASSET | B) NON-CURRENT LIABILITY | 32.000,00 |
20.500,00 II. Stock | II. Long-term debts | 32.000,00 |
20.500,00 1. Commercial | 5. Other financial liabilities | 32.000,00 |
20.500,00 300 GOODS | 171 LONG-TERM DEBTS | 36.280,00 |
16.250,00 III. Debtors | C) CURRENT LIABILITY | 6.100,00 |
11.850,00 1. Clients (sales and services) | III. Short-term debts | 6.100,00 |
11.850,00 b) Clients (sales and services) short-term | 5. Other financial liabilities | 6.100,00 |
14.300,00 430 CLIENTS | 523 SUPPLIERS | 30.180,00 |
1.800,00 431 CLIENTS, COMMERCIAL PURPOSE | V. Creditors | 11.200,00 |
-4.250,00 490 VALUE IMPAIRMENT | 1. Suppliers | 11.200,00 |
4.400,00 6. Other credits with Public Adminis. | b) Short-term suppliers | 11.200,00 |
4.400,00 473 PUBLIC FINANCES, WITHOLDINGS | 400 SUPPLIERS | 18.980,00 |
67.300,00 VII. Cash | 3. Different Creditors | 18.980,00 |
67.300,00 1. Treasury | 410 Creditors | 105.130,00 |
2.200,00 570 CASH FLOW, EUROS |
| |
65.100,00 572 BANKS AND CREDIT INSTITUTIONS | ||
173.410,00 T OTAL ASSETS | TOTAL NET EQUITY AND LIABILITIES 173.410,00 |
LOSS AND PROFIT ACCOUNT | |
1. Net revenue | 204.300,00 |
700 SALES OF GOODS | 200.000,00 |
705 PROVISION OF SERVICES | 5.500,00 |
708 SALES RETURNS | -1.200,00 |
4. Supplies | -69.800,00 |
600 PURCHASE OF GOODS | -72.450,00 |
610 CHANGE IN INVENTORY | 2.650,00 |
6. Staff costs | -75.170,00 |
640 WAGES AND SALARIES | -56.800,00 |
642 SOCIAL SECURITY | -16.470,00 |
649 OTHER SOCIAL EXPENSES | -1.900,00 |
7. Other operating costs | -19.850,00 |
626 BANK SERVICES | -700,00 |
627 ADVERTISING AND PR | -3.600,00 |
628 SUPPLIES | -3.800,00 |
629 OTHER SERVICES | -7.100,00 |
631 OTHER TAXES | -400,00 |
694 IMPAIRMENT LOSSES | -4.250,00 |
8. Depreciation | - 13.950,00 |
681 DEPRECIATION | - 13.950,00 |
12. Other outcomes | - 600,00 |
678 EXTRA COSTS | - 600,00 |
A) ACTIVITY OUTCOME | 24.930,00 |
13. Financial income | 700,00 |
b) Other financial income | 700,00 |
769 OTHER FINANCIAL INCOME | 700,00 |
B) FINANCIAL OUTCOME | 700,00 |
C)INCOME BEFORE TAXES | 25.630,00 |
D) FISCAL YEAR OUTCOME | 25.630,00 |
Make in each of the following points the adjustment needed to obtain the tax base of the Corporate Tax, basing the response and establishing the amount that corresponds. You must also indicate if you are facing a temporary or permanent difference. In points 8 and 9 you should not propose any adjustment, in these two cases you should describe how they affect the liquidation of the Corporate Tax.
QUESTION - 1- The company has paid the posters for a sports conference for its employees. This serves to advertise their products and services and has cost 1,200. The company gave the customers who attended the event a batch of products worth 2,200. Extraordinarily, he has given his employees an assortment of products worth 400.
QUESTION - 2- The administrators have been paid for the performance of senior management functions with 10,000.
QUESTION - 3-The company has made instalment payments of 4,400.
QUESTION - 4 - An administrative penalty of 600 has been imposed on the company.
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