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2 years ago

Income which accrue or arise outside india and also received outside india is taxable in case of.

1 answer:

8 0

If income is accrued or arises outside India and is not received in India, it is not taxable in the case of Non-Resident.

<h3>Who is a resident and non resident?</h3>

A resident is a person who has resided in India in that year for 182 days or more. He is a natural person or an individual who is domiciled in a particular state.

A Non- Resident is a person who is not the resident of India for tax purposes. Section 2(30) defines non-resident as a person who is not a resident.

Basically, Income which accrue or arise outside india and also received outside india is taxable in case of Non-Resident.

Learn more about resident and non- resident here:-

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Hielta Oy, a Finnish company, processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp pro

bonufazy [111]

Answer:

the equivalent units of production for materials = 352,616 units,

the equivalent units of production for for labor and overhead (conversion) = 339,304 units

Explanation:

First Determine the physical units that were Completed and Transferred out

Units Completed and Transferred = Units in Opening Work In Process + Units Started During the Year - Units in Closing Work In Process

= 80,400 + 301,400 - 51,200

= 330,600

Calculation of Equivalent Units of Production for

1. Materials

Units Completed and Transferred ( 330,600 × 100%) = 330,600

Units in Closing Work In Process ( 51,200 × 43%) = 22,016

Total Equivalent Units of Production for Materials = 352,616

2. Labor and Overhead

Units Completed and Transferred ( 330,600 × 100%) = 330,600

Units in Closing Work In Process ( 51,200 × 17%) = 8,704

Total Equivalent Units of Production for Conversion = 339,304

3 0

3 years ago

The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below.

Arlecino [84]

Answer:

Date Accounts Titles & Explanation Debit Credit

Dec 31 Rent Expense $2,040

($6,120 *2/6)

Prepaid Rent $2,040

Dec 31 Deferred Revenue $525

Service Revenue $525

Dec 31 Salaries Expense $700

Salaries Payable $700

Dec 31 Supplies Expense $2,390

($3,100 - $710)

Supplies $2,390

Demon Deacons Corporation

Adjusted Trial balance

December 31, 2021

Accounts Debit$ Credit$

Cash 9,100

Account receivable 14,100

Prepaid rent 4080

Supplies 710

Deferred revenue 1,575

Salaries payable 700

Common stock 11,000

Retain earnings 5,100

Service revenue 45,245

Salaries expenses 31,200

Rent expenses 2,040

Supplies expenses 2,390

Total $63,620 $63,620

Prepaid rent = 6,120 - 2,040 = 4080

Supplies = 3100 - 2390 = 710

Deferred revenue = 2,100 - 525 = 1575

8 0

3 years ago

What is the main difference between private and government consumer advocacy employers?

sweet [91]

Answer:

Step-by-step explanation:

Explanation:

6 0

3 years ago

Read 2 more answers

Terri, age 16, is a dependent of her parents in 2020. During the year, Terri earned $5,000 in interest income and $3,000 from pa

aleksandrvk [35]

Answer:

A. $4,650

B. $1,750

C. $2,900

Explanation:

A. Calculation to determine Terri's taxable income

TAXABLE INCOME

Earned income $3,000

Add Unearned income $5,000

Gross income & AGI $8,000

($3,000+$5,000)

Less: Standard deduction ($3,350)

(Greater of either $3,000 or $1,050 income earned +$350)

Taxable income $4,650

($8,000-$3,350)

Therefore Terri's taxable income is $4,650

b. Calculation to determine How much of Terri's income is taxed at her rate

TAXED AT TERRI'S RATE

Taxable income $4,650

($8,000-$3,350)

Less: amount taxed at parents' rate ($2,900)

($5,000-$2,100)

Taxed at Terri's rate $1,750

Therefore The amount of Terri's income that is taxed at her rate is $1,750

c. Calculation to determine How much is taxed at her parent's rate

TAXED AT PARENTS' RATE:

Net unearned income=$5,000-$2,100

Net unearned income= $2,900

($5,000-$2,100)

Therefore The amount of Terri's income that is taxed at her parent's rate is $2,900

6 0

3 years ago

From a strategic marketing viewpoint, a total product offer includes all of the tangible attributes of a good or service, and ex

Tasya [4]

Answer:

B. False

Explanation:

Total Product offer is every aspect of a product which the customer evaluates before buying.

From strategic marketing viewpoint, the customer may evaluate the product on both the tangible and intangible attributes.

An example of this is the iPhone by Apple. On tangible level, the product itself, the packaging and others are tangible attributes that a customer may evaluate. On intangible level, the brand name, perceived benefits, convenience, purchase services, and many other factors are part of the iPhone as the intangible attributes that the customer will evaluate.

As a marketer, one should think and talk in the language of customers- let it be from either tangible or intangible point of view.

7 0

3 years ago