* quizzes from past paper 15%
* remaing current
* Note better to prepare by self paper than very Easy

1. what is difference b/w Bid rate and ask rate. marks 5
2. what is difference b/w marks 3
3. Firm c wnat to maintain hight Current aseets and low. comments on it which if finicial for for both situation.3
4. last year company sweet stuff cand corporation earned 172000 before interst and taxes. co. paid interest 22000 and 48000 divident. this corporation fall in the tax bracket of 20%

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caculate taxpayable by company this year
calcualte interest liability (5)