OPERATIONS 2007 Taxation Law SUMMER REVIEWER PART I – GENERAL PRINCIPLES TAXATION – power inherent in every sovereign State to impose a charge or burden upon persons‚ properties‚ or rights to raise revenues for the use and support of the government to enable it to discharge its appropriate functions SCOPE OF TAXATION TAXATION IS: Unlimited‚ Far-reaching‚ Plenary Comprehensive Supreme STAGES OF TAXATION: (LAP) 1. Levy 2. Assessment 3. Payment Basic Principles of a Sound Tax System 1. Fiscal Adequacy
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Business Law & Taxation EASY ROUND 1. Which of the following individuals shall not be subject to the income tax under Section 24 (A)? |D |a. |Individual citizen of the Philippines residing therein; | | |b. |Individual citizen of the Philippines who residing outside the Philippines including overseas contract workers; | | |c. |Individual alien who is a resident of
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Introduction The growth in environmental accounting research and intersest in the last few years has been little short of phenomenal.For those of us with a long-standing interest in such issues‚ it is easy to get swept along in the euphoria of seeing environmental issues brought to centre stage in business and accounting debates. Little more than decade ago‚ any scholar wishing to review the literature concerned with accounting and the natural environment would have been faced with relatively straightforward
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Individual CPA Report Kendall Nicholson University of Phoenix Financial Reporting ACC 545 Mario Ducret July 31‚ 2012 Individual CPA Report Internal Memorandum Date: July 31st‚ 2012 To: Ms. Liza Stephens‚ CEO From: Kendall Nicholson‚ CPA Subject: CPA responsibilities regarding subsidiary. Dear Ms. Stephens. Per your request‚ I am providing you with information regarding explanations about the subsidiary that has been set up as a corporation. This explanation includes the methodology
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Small Case #1 (Lenovo: Striving to be the best) 1. SWOT analysis Location of Factor Type of Factor Favorable Unfavorable Internal Strengths Well-established brand equity Highly respected international business partners Leading position in China Capacity to keep up with market trends and demands High performance in China’s domestic market Weaknesses Low profit margins compared to the industry average Complex and inefficient cost composition Low performance in tablet and smart phone lines abroad External
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Information to those who would remove to America By: Benjamin Franklin At a time of hardship and human progression in North America especially in the 1700’s one name specifically shines out amongst all others. That name is Benjamin Franklin; a visionary inventor‚ politician‚ and true American hero. In the late 1700’s‚ precisely 1784‚ Benjamin Franklin wrote an informative essay titled‚ Information to Those Who Would Remove to America. It was printed out as a pamphlet for people in Europe
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Critical Examination of Conscience When I hear the word “conscience” the first scenario that comes to mind is a guilty looking child standing next to a broken vase. Mom told the little boy that playing baseball in the house is not allowed‚ but he did not listen to her and proceeded to run around throwing his baseball throughout the house. A shatter could be heard coming from the living room. The boy ’s stomach is in knots and his palms are sweaty. He knows what he did was wrong‚ and he feels horrible
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CHAPTER 1 Introduction to Financial Statements Study Objectives 1. 2. 3. 4. 5. 6. Describe the primary forms of business organization. Identify the users and uses of accounting information. Explain the three principal types of business activity. Describe the content and purpose of each of the financial statements. Explain the meaning of assets‚ liabilities‚ and stockholders’ equity‚ and state the basic accounting equation. Describe the components that supplement the financial statements in an
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a) Explain the moral issues surrounding Euthanasia (25) Euthanasia is the act of putting to death painlessly or allowing to die‚ as by withholding extreme medical measures‚ a person suffering from an incurable‚ especially a painful‚ disease or condition. Euthanasia has a lot of moral issues. Some of these may be: sanctity of life which is the idea that life is sacred and special and God created humans in his image‚ so only he can give or take life‚ individualism which is if you are able to make
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Explain how a Christian reaches a Moral decision [25] Christians make decisions on ethical issues‚ based on the the source of authority they deem the most important. The importance of each source is reliant upon their denomination; if they are a Roman Catholic‚ Orthodox or Liberal Christian - to name only a few. For a Catholic‚ the main source of authority is Church teachings’. Authority‚ of course comes from the Bible; however‚ the Catholic Magisterium has the ultimate say on how it is interpreted
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