A company has the following results for the three years to 31 October 2020: Assuming that all
Question:
A company has the following results for the three years to 31 October 2020:
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.
Transcribed Image Text:
Trading profits/(losses) Loan interest receivable Gift Aid donations y/e 31/10/18 121,400 3,300 2,000 y/e 31/10/19 110,700 8,400 2,000 y/e 31/10/20 (141,500) 8,800 2,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Trading income Nontrading loan income Less Relief against total profits a Less Relief against total ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A company has the following results for the three years to 31 October 2017: 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...
-
A company has the following results for the three accounting periods to 31 March 2018: Trading profits/(losses) Chargeable gains yle 30/6/16 13,400 1,200 9 months to 31/3/17 69,900 3,500 yle 31/3/18...
-
A company has the following results for the four years to 31 March 2021: Calculate the total repayment of corporation tax (with interest) to which the company is entitled, assuming that: (a) all...
-
Compose a detailed paper on the Emotions of employees and its impact on the organization
-
1. Write a short report about sampling and various sampling types. 2. Measure, using a statistical tool, the central tendency of a sample data of your choice or as provided. 3. Using a statistical...
-
What are some operators that can be used for strings?
-
Explain the difference between halo errors and recency errors in performance appraisal.
-
Eleven years ago, Lynn Inc. purchased a warehouse for $315,000. This year, the corporation sold the warehouse to Firm D for $80,000 cash and Ds assumption of a $225,000 mortgage. Through date of...
-
19 What is an equation of a line that is perpendicular to the line whose equation is 2y = 3x - 10 and passes through (-6,1)? (1) y = (2) y = - - 2 x 5 3 (3) y = x+1 2 x - 3 2 (4) y = x+10
-
A company has the following results for the three accounting periods to 31 March 2021: Assuming that all possible claims are made to relieve the trading loss against total profits, calculate the...
-
A company has the following results for the year to 31 December 2020: Assuming that a claim is made for the trading loss to be relieved against total profits, compute the company's taxable total...
-
Find the derivative of the function. h(t) = (t 2 / t 3 + 2) 2
-
Identify a business that has recently taken advantage of opportunities related to information systems/technology management from the list contained in the last page of this document. Write a report...
-
9. [12 pts) Evaluate the integrals. (a) TE VE dr (b) |1r - 31-1| dr
-
The following summary transactions occurred during the year for Daisy. Cash received from: Collections from customers $389,000 Interest on notes receivable 10,500 Collection of notes receivable...
-
1. Discuss the effects of grinding and turning on the endurance limit of steel. What is the reason of change in fatigue strength with various surfaces finishes? 2. List all the available machining...
-
AIN crystallizes in the wurlzite lattice with a = 3.1115 A and c = 4.9798 A at 300 K. De- termine the number of nitrogen atoms per cm' in the AlN crystal at 300 K.
-
From 1991 to 2000, the U.S. economy had an annual inflation rate of around 2.93%. The historical annual nominal risk-free rate for this same period was around 5.02%. What is the real interest rate...
-
What is a manufacturing system?
-
A taxpayer makes the following acquisitions of preference shares in Muvex Ltd: No further shares are acquired during 2021 or 2022. How will the following disposals be matched against these...
-
In May 2013, Edward paid 350,000 to buy a 20-year lease on a flat. In November 2021 he granted a 5-year sub-lease on the flat to Petronella for 150,000. The flat was never Edward's principal private...
-
On 31 March 1981, Estelle acquired a patent with a 45-year life at a cost of 21,000. The patent was valued at 22,000 on 31 March 1982 and Estelle sold the patent on 31 March 2022 for 13,000. Compute...
-
Principles of Managerial Accounting Budget Project Spring 2022 Bright World LLC (BW) distributes sunglasses to small retail stores in the Midwest part of the United States. BW does not manufacture...
-
Project Risk Management Plan General Project Name: Project Sponsor: Project Manager: Risk Environment [Describe how your project supports your company's strategic plan and why the project is...
-
Current Attempt in Progress Blue Spruce Corp. issued $571,000 of 5-year, 5% bonds at 96 on January 1, 2022. The bonds pay interest annually. (a1) Your answer is correct. Prepare the journal entry to...
Study smarter with the SolutionInn App