Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 6 1 point rod carries on a retail busines

Question 6 1 point Rod carries on a retail business and is an SBE taxpayer....

60.1K

Verified Solution

Question

Accounting

image
Question 6 1 point Rod carries on a retail business and is an SBE taxpayer. He was entitled to use the SBE trading stock concessions from 1 July 2015 when the opening value of his trading stock was $10,000 estimates of his trading stock at 30 June 2020 of 511,000, at 30 June 2021 of $15,000, at 30 June 2022 of $18,000 and at 30 June 2023 of 14.000 In which year will he need to account for the changes in the value of trading stock as an See taxpayer? 2020 0 2021 O 2022 2023 O No adjustment necessary

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

3. Discuss the most common claims and benefits administration problems, their repercussions, and how to identify...

Physics
1.2K views

Obtain the equation of motion for a 1.25-g mass, at the end of a perfectly elastic...

Physics
1.2K views

What should be the wavelength of the photon that enters when there is a quantum...

Geometry
1.2K views

e line parallel to g x 6x 8 and passing through the point 4 2...

Calculus
1.2K views

Provide your answer below Drag either of the movable red points to set the asymptotes...

Calculus
1.2K views

Use the Binomial Theorem to expand and simplify the expression x 1 5

Algebra
1.2K views

Factor the following trinomial y 5y 36 Factored trinomial

Accounting
1.2K views

The Company produces a variety of wood related products. The following are the cash...

Accounting
1.2K views

Base Company budgedwo hours of director en 12.00 per hour to prodice units of product....

Accounting
1.2K views

Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related...

Finance
1.2K views

On September 30, an inn invested $27,650 in a short-term investment of 208 days. An...

Accounting
1.2K views

Operations of Traveler Company for the year produced an M/S ratio of 20% and a...