Invested Capital Accounting Based On the Internal Revenue Act of 1918
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In our eReader you can find the full English version of the book. Read Invested Capital Accounting Based On the Internal Revenue Act of 1918 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Invested Capital Accounting Based On the Internal Revenue Act of 1918
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To quickly assess the difficulty of the text, read a short excerpt:
The bonds given and the liabilities assumed amount to $190, 000. After pay- ing for the tangibles, we have $17, 000 remaining to apply against intangibles. This amount of intangibles must be allowed, and, in addition, 25% on the $100, 000 stock out- standing at the beginning of the taxable year. Total in- tangibles, $52, 000; paid in for bonds, $17, 000; 25% allow- ance, $25, 000; total intangibles to be included in invested capital, $42, 000; amount to be deducted in line 1, Schedule G, $10, 0...00.
Note that the Regulations state: "at the beginning of the taxable year. " If a corporation files its return on a fiscal year basis, intangible allowance should be computed on the basis of the amount of stock outstanding as at the first day of the corporation's fiscal year, and not on the amount that might have been outstanding at January 1.
A Different Proposition In January, 1910, the Bond Company issued $100, 000 stock, par value, for a patent, and $50, 000 stock for a secret formula. On March 3, 1917, the outstanding capital stock was $600, 000.
What to read after Invested Capital Accounting Based On the Internal Revenue Act of 1918?
You can find similar books in the "Read Also" column, or choose other free books by James W Beers to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The bonds given and the liabilities assumed amount to $190, 000. After pay- ing for the tangibles, we have $17, 000 remaining to apply against intangibles. This amount of intangibles must be allowed, and, in addition, 25% on the $100, 000 stock out- standing at the beginning of the taxable year. Total in- tangibles, $52, 000; paid in for bonds, $17, 000; 25% allow- ance, $25, 000; total intangibles to be included in invested capital, $42, 000; amount to be deducted in line 1, Schedule G, $10, 0...00.
Note that the Regulations state: "at the beginning of the taxable year. " If a corporation files its return on a fiscal year basis, intangible allowance should be computed on the basis of the amount of stock outstanding as at the first day of the corporation's fiscal year, and not on the amount that might have been outstanding at January 1.
A Different Proposition In January, 1910, the Bond Company issued $100, 000 stock, par value, for a patent, and $50, 000 stock for a secret formula. On March 3, 1917, the outstanding capital stock was $600, 000.
What to read after Invested Capital Accounting Based On the Internal Revenue Act of 1918?
You can find similar books in the "Read Also" column, or choose other free books by James W Beers to read onlineMoreLess
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