resources. Similarly‚ the consolidated income statement provides a better picture of the total revenue generated and the costs incurred in generating the revenue. Estimates of future profit potential and the ability to meet anticipated funds flows often can be more easily assessed by analyzing the consolidated statements. Q3-3 Parent company shareholders are likely to find consolidated statements more useful. Noncontrolling shareholders may gain some understanding of the basic strength of the overall
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How the SWOT analysis can be used to make investment recommendations ——based on the case of “China Life Insurance Company Limited” Contents 1. Introduction 3 2. Company Overview 5 2.1 History and firm size 5 2.2 Product and service network 5 2.3 Financial overview 6 2.4 Strategic Objectives 6 3. SWOT analysis 7 3.1 Strengths 8 3.1.1 Financial achievement 8 3.1.2 Corporation operation 10 3.2 Weaknesses 11 3.2.1 Geographic concentration 12 3.2.2 Declining performance
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Tax & Taxation The term ’tax’ has been derived from the French word taxe and etymologically‚ the Latin word taxare is related to the term ’tax’‚ which means ’to charge’. Tax is an obligatory payment in the part of the citizen without the expectation of any direct benefit. Taxation is the obligation of non-penal‚ yet compulsory transfer of resources from the private to the public sector levied on a basis of predetermined criteria and without reference to specific benefit received. It is one of the
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The formation of the debit and credit concept In this simplified form we can begin to see what the mathematician and Father of Accounting (Luca Pacioli) saw in 1494 when he codified the double-entry bookkeeping system. It is his codified system that outlined the rules for applying debits and credits when recording the financial transactions of a business in the double-entry bookkeeping system. Now remember that Luca’s book in 1494 was written and published in Latin and at a time when the concept
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Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
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A Few Screws Loose The children in The Turn of the Screw are far from the perfect children they seem to be on the outside. In the story‚ they are always trying to sneak off or something along those lines. Throughout the story‚ the children get more and more suspicious by sneaking around and wandering away from the house. Towards the end of the story it is impossible to deny the fact that something is different about the way the children act. The children aren’t just that mischievous. However‚ is
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money for her family. 2b) Pasty reason for spending time there change because his mother is ill because at first he was there to train the horses and started getting paid a little amount of money the his mother got sick so he started racing so he can get a bigger amount of money to pay a doctor to cure his mom. 3b) the problems faced by Pasty and his mother is that they were poor little money coming in and she got sick so Pasty had to go get a job to help pay for a doctor for his mother. 4b) Pasty
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Understand how to account for stock-based compensation and how the activity is presented in the financial statements. • Read and understand footnotes to the financial statements concerning stock-based compensation. • Explain the financial statement tax effects of stock-based compensation. Refer to the 2007 financial statements of Xilinx‚ Inc.‚ and Note 3‚ Stock-Based Compensation. Note: following Xilinx’s convention‚ the case refers to the year ended March 31‚ 2007‚ as “fiscal 2007” and to the year
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Selina (at cost) | 3‚000‚000 | — | | | $7‚400‚000 | $5‚200‚000 | | | | | Liabilities and shareholders’ equity | | | | Current liabilities | $600‚000 | $100‚000 | | Long-term liabilities | 2‚200‚000 | 800‚000 | | Deferred tax liabilities | 500‚000 | 300‚000 | | Ordinary shares | 1‚500‚000 | 1‚000‚000 | | Retained earnings | 2‚600‚000 | 3‚000‚000 | | | $7‚400‚000 | $5‚200‚000 | Additional information: * Haika carries its investment in Selina on its books
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Portfolio Project ACT400 Corporate Tax-ACT400 September 1st‚ 2012 Portfolio Project ACT400 I. Problem 1-Osprey Corporation a. Facts Dan and Patrick Zimbrick‚ sole shareholders of Osprey Corporation have been required to repay compensation to Osprey Corporation that was found by the IRS to be excessive. In order to determine how these repayments are to be treated for tax purposes‚ it is important to note that in 2006 the board of directors made up of Dan‚ Patrick
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