How do business owners determine their taxable income from their business ventures? How does this translate to not-for-profit entities?

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A: Variance analysis is the analysis of difference between actual and standard cost.

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A: calculation of average collection period are as follows

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A:

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Q: anuary 1, 2020, Blue Company purchased P500,000 8% bonds for P475,126 (including broker’s commission...

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A: These are the accounting transactions that are having a monetary impact on the financial statement o...