How should the payment of FBT of $500 of a New Zealand resident company be recorded in the company’s imputation credit account.
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How should the payment of FBT of $500 of a New Zealand resident company be recorded in the company’s imputation credit account.
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- How should the payment of PAYE of $600 of a New Zealand resident company be recorded in the company’s imputation credit account.If a company has accounts receivable from ordinary customers and from related parties, can they combine those receivables in their financial statements under U.S. GAAP? Under IFRS?Which one of the following is financial instrument is used by the exporter and importer to fulfill their short term financial requirement? O a. Treasury Bills O b. Bankers' acceptances C. Certificate of Deposits O d. Commercial Papers
- A foreign currency account maintained by a bank abroad is its Oa. Nostro account Ob. Vostro áccount Oc. Loro account O d. Foreign bank accountDo commonwealth bank (Australia) follow cash or accural accounting?Singletary Associates has accounts receivable due from normal credit customers and also has an account receivable due from a director of the company. Singletary would like to combine both of those receivables on one line in the current assets section of their balance sheet and in the disclosure notes. Is that permissible under U.S. GAAP? Under IFRS? Explain.
- what is type of this account? General reserve Outstanding Salaries Provision for Taxation office expenses Loan from HSBC Bank classify on this basisWhich of the following is a negotiable written promise (by a bank) for a U.S. dollar deposit at a bank located outside the United States or in U.S. International Banking Facilities.? a.Certificate of Deposits b.Bankers acceptances c.Eurodollar CD d.Repurchase agreementO Correspondence Which of the following could benefit from conciliation? * Merchants who do not register at the commercial register O Merchants who register at the commercial register ONon-merchants OAnyone in the society The drawer of the cheque shall object its payment if: O The holder wanted to
- Nostro Account will receive remittance in O a. Foreign Currency O b. Home Currency O C. US Dollars O d. EUROB. Record the entry for acceptance of promissory note in exchange of accounts receivable from McCormick Industries. C. Record the entry for interest accrued on promissory note received from McCormick Industries. D. Record the entry for interest received , from McCormick Industries , on the note's maturity date. E. Record the entry for payment received from McCormick Industries the principal on the note's maturity date.If an account in a depository bank under the foreign currency deposit system is jointly in the name of an NRC such as an OFW, or a Filipino seaman, and his spouse or dependent who is a resident of the Philippines, the interest on such deposit shall be