Mr Wood wants you to open a TFSA when you are 18 years old and start saving. A TFSA allows people to create wealth without capital gains tax. Wouldn’t it make more sense to just elminate capital gains tax and then Canadians would not need a TFSA.
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Question: What is the mistake with the transaction on May 3r…
Question: What is the mistake with the transaction on May 3rd in the journal below?
Solvency is the ability the business has to pay off their de…
Solvency is the ability the business has to pay off their debts by their required date. (based on a student definition from vocabulary game assignment)
Why would a US government agency, the SEC, approve mark to m…
Why would a US government agency, the SEC, approve mark to market accounting when it obviously did not use GAAP?
The accounting cycle we looked at in most of our modules had…
The accounting cycle we looked at in most of our modules had 5 steps…
The following accounts are placed in the proper order of liq…
The following accounts are placed in the proper order of liquidity:
The rate of return on investment is intended primarily as a…
The rate of return on investment is intended primarily as a measure of solvency for a business.
The ____________________ is known as the book of first entry…
The ____________________ is known as the book of first entry.
Most business people and investors would say capital gains t…
Most business people and investors would say capital gains taxes are destructive to the overall economy.
For each of the following descriptors of journal entries, se…
For each of the following descriptors of journal entries, select the account that is DEBITED.