Exam (elaborations)
LML4804 Assignment 4 Semester 2 2022
LML4804 Assignment 4 Semester 2 2022
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Content preview
LML 4801ASSIGNMENT 4 SEMESTER 2 2022
Use this document as a guide to learn, compare and reference
, Started on Friday, 23 September 2022, 1:30 PM
State Finished
Completed on Friday, 23 September 2022, 2:00 PM
Time taken 30 mins 11 secs
Marks 9.00/9.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which ONE of the following statements regarding disposal is CORRECT?
1. Modise borrows his vintage car to his girlfriend, Anna for a weekend.
2. Modise donates his vintage car to his girlfriend, Anna.
3. Modise rents his vintage car to his friend, Boaz on his wedding.
4. Modise buys another vintage car from his uncle, Mike.
Your answer is
correct.The correct
answer is:
Modise donates his vintage car to his girlfriend, Anna.
Question 2
Correct
Mark 1.00 out of 1.00
Nhlanhla, a South African resident owns a house in Pretoria. Uche Okwa, a Nigerian resident rented the house from Nhlanhla from 1 March
2019 to 28 February 2020 at R20 000 per month. Nhlanhla appointed her sister, Lucky, to receive the rent money on her behalf as she is
currently out of the country. They both agreed that Lucky will take 5 per cent of the rent to maintain the house. As Nhlanhla did not receive
the rent, she need not include the rental income in her gross income for the 2019/2020 year of assessment.
Indicate whether the statement above is true or false.
1. FALSE
2. TRUE
Your answer is correct.
The correct answer is:
FALSE
1/
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ExpectviewTutors. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
50064 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now