A company has the following results for the three years to 31 October 2017: Trading profits/(losses) Income
Question:
A company has the following results for the three years to 31 October 2017:
Transcribed Image Text:
Trading profits/(losses) Income from property Gift Aid donations yle 31/10/15 112,500 3,300 2,000 yle 31/10/16 110,700 8,400 2,000 yle 31/10/17 (136,500) 8,800 2,000 Assuming that all possible claims are made to relieve the trading loss against total profits, calculate the company's taxable total profits for each of the three years.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Notes i In the year to 31 October 2017 the claim for relief against total profits must be for the ma...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A company has the following results for the four years to 31 March 2018: Calculate the total repayment of corporation tax (with interest) to which the company is entitled, assuming that: (a) all...
-
A company (which is not a member of a group) has the following results for the 14 months to 31 December 2017: Adjusted trading profit, before deduction of capital allowances Capital allowances...
-
A company has the following results for the year to 31 March 2018: Trading profits, after capital allowances Bank deposit interest (account opened 1 April 2017): Received 30 June 2017 Received 31...
-
The SEC criticized Frank Sinopoli for not sending an audit inquiry letter to Geo Securities external legal counsel. Describe the nature and purpose of such a letter. Do you agree with the SEC that...
-
Match each alkene with the appropriate heat of combustion: Heats of combustion (kJ/mol): 5293; 4658; 4650; 4638; 4632 Heats of combustion (kcal/mol): 1264.9; 1113.4; 1111.4; 1108.6; 1107.1 (a)...
-
Fortune publishes data on sales, profits, assets, stockholders equity, market value, and earnings per share for the 500 largest U.S. industrial corporations (Fortune 500, 2006). Assume that you want...
-
A computer is used to randomly select a number between 1 and 4000. Event A is selecting 253.
-
In this assignment, you will prepare a document that addresses the requirements specified in the case. Specifically in your document you will need to: 1. Prepare a flowchart, logic diagram, or...
-
Net Present Value-Unequal Lives Project 1 requires an original investment of $92,800. The project will yield cash flows of $15,000 per year for 8 years. Project 2 has a computed net present value of...
-
A company has the following results for its three most recent accounting periods: Trading profits/(losses) Chargeable gains Gift Aid donations y/e 31/5/16 59,700 8,400 1,000 eight months to 31/1/17...
-
A company has the following results for the year to 31 December 2017: Trading loss Income from property Chargeable gains Gift Aid donations (112,500) 14,000 103,000 28,700 Assuming that a claim is...
-
An insulated, spherical, conducting shell of radius a is in a uniform electric field E0. If the sphere is cut into two hemispheres by a plane perpendicular to the field, find the force required to...
-
Case # 4 Joseph Joseph, a 19-year-old African American college freshman. Yesterday he spent the afternoon drinking beer and taking shots of vodka with his fraternity brothers. After 6 glasses of beer...
-
1. Kaldor facts [50 points] Kaldor (1961) documented a set of stylized facts on the growth process of industrialized countries. We discussed these facts in lecture 2. Explain if and how the...
-
County has the Investment Activities recorded in its general fund: Tesla Stock: Cost $100, Fair Value on Jan 1x1: $200; Fair Value on Dec 31x2: $300 DJT Stock: Cost: $100; Fair Value on Jan 1x1:...
-
Pets World is a retailer of a popular blend of organic dog food produced by Natural Pets Company. On average, Pets World sells 600 cans per week. The wholesale price that Natural Pets Company charges...
-
Out Supply-Chaining the King of Supply Chainers, How easy (or hard) would it be for rivals like Walmart or Carrefour to adopt Tesco's data management techniques? (Please provide reference...
-
Discuss how a budgeting system would assist the Always on Time printing company.
-
Pearson Education, a publisher of college textbooks, would like to know if students prefer traditional textbooks or digital textbooks. A random sample of students was asked their preference and the...
-
Bernice (who is not a Scottish taxpayer) has the following income in 2021-22: She makes a qualifying EIS investment of 20,000 in August 2021. Compute her income tax liability for 2021-22, assuming...
-
Outline the main features of Individual Savings Accounts.
-
Outline the income tax advantages of investing in: (a) The Enterprise Investment Scheme. (b) The Seed Enterprise Investment Scheme. (c) A Venture Capital Trust.
-
Saly paid $52,000 a year paid on a weekly basis. last pay she had $250 withheld in Income Tax, $48.97 for CPP and $15.80 for EI. an additional $and 25.00 in tax are deducted each pay. She allowed to...
-
Required information [The following information applies to the questions displayed below.] Dain's Diamond Bit Drilling purchased the following assets this year. Asset Drill bits (5-year) Drill bits...
-
Which of the following partnership items are not included in the self-employment income calculation? Ordinary income. Section 179 expense. Guaranteed payments. Gain on the sale of partnership...
Study smarter with the SolutionInn App