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Yankers Enterprises Pty Ltd sells training course materials to organisations. The materials are imported from a United States-based course developer and on-sold for a profit.
Yankers Enterprises Pty Ltd sells training course materials to organisations. The materials are imported from a United States-based course developer and on-sold for a profit. Yankers provides you with the following information for the purposes of preparing its income tax return for the CIY: Sales Less; Cost of goods sold Opening stock Plus: purchases Less: closing stock $690,000 $120,000 $530,000 $250,000 $400 000 $290,000 Gross profit What is Yankers Enterprises assessable income for the current income tax year?
Yankers Enterprises Pty Ltd sells training course materials to organisations. The materials are imported from a United States-based course developer and on-sold for a profit. Yankers provides you with the following information for the purposes of preparing its income tax return for the CIY:
Sales
Less; Cost of goods sold Opening stock
Plus: purchases Less: closing stock
$690,000
$120,000 $530,000 $250,000
$400 000 $290,000
Gross profit
What is Yankers Enterprises assessable income for the current income tax year?
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Stand Up To The Irs How To Handle Audit Tax Bill And Tax Count
Authors: Frederick W. Daily, Robin Leonard
1st Edition
0873373375, 978-0873373371
