1. Near year end‚ P‚ a cash basis‚ calendar year taxpayer‚ paid for various deductible expenses as described below. 1. The payment was dropped in the mail before year end. 2. P gave a note evidencing her promise to pay the amount in three months. 3. The amount was charged on her Master Card on December 28. The charge appeared on her bill for the period December 1 through December 31‚ which she received in January and which she paid on January 20. The bank actually paid the expense in January
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Understanding Corporate Annual Reports Financial Accounting 1A – Online By: Chak Lam Andy WONG Dr. Seyedin References: http://www.ibm.com/annualreport/2004/annual/guide_whatis.shtml http://thecaq.aicpa.org/Resources/PCAOB/ http://www.aicpa.org/audcommctr/guidance_resources/auditors_and_audit_committee/understanding_process/36.htm http://www.sec.gov/about/whatwedo.shtml http://fl1.findlaw.com/news.findlaw.com/hdocs/docs/gwbush/sarbanesoxley072302.pdf What is an annual report? A formal report
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Do 10 000 Hours Rule Really Work In 2008‚ Malcolm Gladwell published a Outliers book with a world-changing rule of 10‚000 hours. Becoming a bestseller‚ the book changed the beliefs of millions of people. According to Gladwell who actually built his idea on Andres Ericsson’s research‚ you need to perform one action for 10‚000 hours to acquire a certain skill. This is a ‘tipping point of greatness’ in a certain skill or field that you may achieve if you spend the required time for repeating this action
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INCOME TAX NOTES Residential Status and Incidence of Tax According to Section 5 of the Income Tax Act the scope of total Income of an assessee depends on his residential status.On the basis of residential status assessee are classified under the following two categories: 1. Resident 2. Non-resident. As per as resident individuals and Hindu Undivided Families are concerned‚ they can be further divided into two categories: 1. Ordinarily Resident 2. Not ordinarily Resident. Residential
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Company Profile and History Target Corporation is an upscale discounter providing high quality‚ on-trend merchandise at attractive prices in a clean‚ spacious and guest friendly store. Target Corporation also operates their online business at Target.com . According to the company’ history report Target began as Marshall Field & Co in 1881 then in 1902 George Dayton opened a Goodfellows in downtown Minneapolis. One year later they founded their first Dry Goods Store and in 1911 they became known
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Annual Report 2010 Our objective is to be the recognised leader in Nutrition‚ Health and Wellness and the industry reference for financial performance Table of contents 2 6 7 8 10 12 14 18 22 26 27 28 38 40 42 44 46 48 Letter to our shareholders Board of Directors of Nestlé S.A. Executive Board of Nestlé S.A. Creating value for society UN Global Compact – Communication on Progress The Nestlé Roadmap to Good Food‚ Good Life Competitive advantages Growth drivers Operational pillars Financial review
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Digby Annual Report By Yan Lang‚ Ching-Hsiang Lin‚ Shu Ou-Yang‚ Nuo Xu Shareholder Letter To Our Shareholder‚ Customers‚ and Employees: The past eight years have marked an extraordinary level of progress for Digby Electric Sensors and its shareholders. In the past eight years‚ the company was able to turn its stocks from $34.25 per share into $45.77‚ plus issuing a total of $10 dividends
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features that no other company can match up to. The companies are the best in their respective fields‚ have nearly taken over every electronics technique‚ and put themselves forward by giving their own touch to it. Sony or Sony Corporation is a multinational corporation based in Japan. Its headquarters are located in Tokyo‚ and it is currently the fifth largest media conglomerate in the world with revenues estimated at over $77.20 billion. The company is primarily involved in the production of consumer
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amount of of deposits in the banking system increase by $100‚000 ( $10‚000 x 10)‚ because the reserve ratio is of 10% which mean the money multiplier is 1/R= 1/0.10 = 10. ii As bank deposits are part of the money supply‚ so John deposited $10‚000 but the bank is required to keep a ratio of 10% or $10‚000. Taking in consideration i above by using the money multiplier the bank is allowed to make a maximum of $90‚000 or 10 x $$10‚000= $100‚000 - $10‚000= $90‚000 Therefore‚ the money supply increases
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TELUS Corporation （The company） 1. Based on your review of the most recent annual financial statements and notes only‚ briefly assess the company’s performance for this potential investor. (Analyze based on data from Financial reports P71‚ 73‚ 74) By using the consolidated income statements‚ balance sheet and cash flow statement‚ we can assess the company’s financial position. On the income statement‚ the company’s operation revenue increased by 4.5% ($393.4 million) from year 2006 while
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