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Chapter 3 Spreadsheet for Students

Chapter 3 Spreadsheet for Students - 34-a b c 35-a b c d e...

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34-- a. b. c. 35-- a. b. c. d. e 36-- a. b. Accrual Cash Sales 600,000 CGS Purchases 400,000 End. Inv. -50,000 CGS -350,000 Oper. Exp. Net Income c. no for accrual, yes for cash 38-- b. d. 40-- a. b. c. d. e. 41-- For 2009 For 2010 Feb March April May 1/2 half of depost for rent 43-- Salary Dividends Partnership 4,000 Lottery Winnings 2,000 Gross Income 44-- Gain on Sale 200 US Savings City of Quebec Gross Income 45-- a. Cost 40,000 Expected Return 25.9 yrs x $500 x 12 = 155,400 Exclusion ratio: b. the entire 6,000 will be taxable each year because he has recovered his cost of $40,000 (1,544 x 25.9 = 40,000) 47-- a. Salary 30,000 Unemp. 1,000 1/2 SS 2,500 (5,000 x 50%) Prov. Inc. 33,500 b. Salary Unemp. 1/2 SS 48-- a. Sell all of the stock
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