Assessable income=ordinary income + statutory income. Ordinary income: income deriving from the courts (s6-5) Negative propositions: items that are not income by ordinary concepts: 1.Amounts not convertible into money :In Tennant v Smith (1892) free accommodation provided to a bank manager was held not to be ordinary income because building could not be sub-let and the benefit thereby converted to money. In FCT v Cooke & Sherden (1980) an incentive prize offered by a manufacturer was not income of the
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1 2 CASE NOTE: AUSTRALIAN CRIME COMMISSION V STODDART1 I INTRODUCTION The High Court of Australia held in Australian Crime Commission v Stoddart (2011) that a privilege against spousal incrimination does not exist at common law. This provides that a spouse sworn in as a witness loses the right to call on the privilege to refuse to answer a question at the risk of incriminating the other spouse. This case note will outline the key issues of the case‚ analyze both the High Court majority
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happens to net personal income when the government raises taxes? When the government raises taxes‚ it will decrease your net personal income. As the government raises taxes‚ most people’s net personal income will decrease‚ which means that their disposable income decreases as well. When this happens people tend to spend less money only to avoid going into debt‚ which will soon affect the market’s income because they are no longer buying goods and services with their disposable income. This problem will
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TUI CAPM &Sources for Capital Module 3/ Case 09/25/2012 FIN301 Dr. Jensen CAMP & Sources for Capital This is a two part report based on the Principles of Finance regarding CAMP and Sources for Capital. Included in this report will be the following information: Part 1: There will be scenarios that will be explained in regards to diversifiable or un-diversifiable. Part 2: American Superconductor Part 1 “For each of the scenarios below‚ explain whether or not it represents
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your assignment‚ add a check mark to the Submit for Grading box and then select Submit. Module 3: Natural Forces Affecting the Driver Vocabulary: Please define six (6) of the following terms in your own words. Please do not just copy and paste the definition. 1. Gravity- The stuff that pulls you down to Earth‚ it’s basically just something that pulls objects towards other objects that have a gravitational pull. 2. Inertia- The reason you have to use some sort of effort to stop or move something. (body
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WESTMINSTER BUSINESS SCHOOL BBUS402 Principles of Marketing Semester 2‚ 2013/2014 Module handbook Module Leader: Dr. Norman Peng ATTENDANCE DETAILS You may find it helpful to record the details of your seminar below. Teaching Team Name Room number Email/Telephone Session - Lecture Day of week Start time Room number Session - Seminar Day of week Start time Room number Add your seminar details here Add your
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ACC 410 Week 2 Assignment Analytical Procedures http://www.fres-courses.com/product/acc-410-week-2-assignment-analytical-procedures Analytical Procedures. In a 2-3 page paper‚ complete the case below and submit to instructor. Review the income statement for Uden Supply Company and answer the following: 1. Describe the purpose of analytical procedures performed in the planning stage of the audit. 2. Uden Supply has projected its 2004 gross profit at 31% of sales despite expectation for some shrinkage
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Assignment 2: You are an Entrepreneur Roxanne Joseph-Jerry Strayer University ACC 557 Financial Accounting Professor Daniel Terfassa August 21‚ 2014 Table of Contents: Executive Summary Company Summary Start Up Summary Start Up Expenses Income Statement Balance Sheet Internal Control Compliance and Regulatory Bodies References Executive summary ABC Learning Academy aims to prepare its students to excel as young leaders of tomorrow by combining an exclusive collegiate-based
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Performance evidence record Qualification/unit Learner name Use this form to record details of activities (tick as appropriate) ( Observed by your assessor ( Seen by expert witness ( Seen by witness ( Self / reflective account NB. Your assessor may wish to ask you some questions relating to this activity. There is a separate sheet for recording these. The person who observed/witnessed your activity must sign and date overleaf. | | |
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In this paperwork of AED 201 Week 1 Discussion Questions you will find the answers on the next questions: DQ1: Identify internal and/or external rewards that impact recruitment and retention of quality teachers. How do such rewards influence recruitment or retention? How might these rewards shift as new accountability-centered teacher reforms are proposed (such as merit pay and competency testing)? DQ2: In your opinion‚ will teacher reforms (such as comprehensive testing of teachers or requiring
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