Tax 4001 comprehensive - Study guides, Class notes & Summaries

tax 4001 comprehensive final exam (1)

tax 4001 comprehensive final exam (1

Tax 4001 comprehensive final exam activity based tax - Answer-tax imposed on the results of an ongoing activity in which persons or organizations engage ad valorem tax - Answer-a tax based on the value of property excise tax - Answer-a tax levied on the retail sale of specific goods or services; may be in addition to or instead of a general sales tax graduated rates - Answer-multiple percentages that apply to specified brackets of the tax base value added tax - Answer-a tax levied...

FAC3701 EXAM PACK. FAC3701 - General Financial Reporting. CONCEPTUAL FRAMEWORK, ACCOUNTING POLICIES, CHANGES IN ACCOUNTING ESTIMATES & ERRORS, INCOME TAXES, PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS & REVENUE PART A (a) Liability in respect of network airtime (i) The resulting from rent received in advance will result in a performance obligation. This performance obligation should be quantified and recognised as a liability if it fits into the definition of a liability i...