PERSONAL COPY/ NOT FOR SALE OR CIRCULATION (Session 2012-13) INTRODUCTION HISTORY OF INCOME-TAX: 1. India’ trust with income tax dates back to 1859 when James Wilson‚ Finance member in the Council of India‚ came to the country to establish the tax structure‚ a new paper currency and to remodel the finance system. 2. A bill imposing tax on profits from property‚ professions‚ trades and offices was passed by the Legislative Council of India. It received the assent of the Governor General on July
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Chapter 08 Business Income‚ Deductions‚ and Accounting Methods SOLUTION MANUAL Discussion Questions 1. [LO 1] What is an “ordinary and necessary” business expenditure? “Ordinary” and “necessary” imply that an expense must be customary and helpful‚ respectively. Because these terms are subjective‚ the tests are ambiguous. However‚ ordinary is interpreted by the courts as including expenses which may be unusual for a specific taxpayer (but not for that type of business) and necessary is
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Chapter 4&5 1. According to the author‚ what makes the use of grand juries attractive to prosecutors? How does this explain their use when it comes to investigations of controversial militant behavior? 1. Grand jurys have the ability to pursue investigations even when crimes have not been committed. 2. Witnesses called before the grand jury can be aggressively be questioned with no lawyer present. 3. Proceeding by indictment uses the grand jury’s legitimacy and prestige to generate support By
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CHAPTER 1 Question #2 What is the difference between the terms "production management" and "operations management"? Production management deals primarily with the manufacture of goods‚ whereas operations management encompasses the production of not only goods‚ but services as well. Question #3 How does the function of an operations manager differ from the function of a marketing manager or a finance manager? The operations manager’s function is to create the supply of goods‚ whereas the marketing
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Chapter 1 Overview of Financial Statement Analysis REVIEW Financial statement analysis is one important step in business analysis. Business analysis is the process of evaluating a company’s economic prospects and risks. This includes analyzing a company’s business environment‚ its strategies‚ and its financial position and performance. Business analysis is useful in a wide range of business decisions such as investing in equity or debt securities‚ extending credit through short or long term
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Chapter 4 Study Guide 1. What are the two main functions of the sympathetic nervous system? (A) Activating system that arouses the body‚ mobilizing its energy in stressful situations – fight/flight (B) Regulates strong emotional reactions 2. What are the two main functions of the parasympathetic NS? “Rest and Digest‚” Calming system that conserves energy. 3. How do the sympathetic and parasympathetic nervous systems work together (what are some images and metaphors used to describe them)?
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CS200-Chapter5-Homework Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. A(n) ____ is an input device that contains keys users press to enter data and instructions into a computer. a.|keyboard|c.|gamepad| b.|light pen|d.|stylus| ____ 2. As shown in the accompanying figure‚ a(n) ____ is a touch-sensitive display device. a.|stylus|c.|gamepad| b.|touch screen|d.|touch remote| ____ 3. A(n) ____ is a freestanding computer that
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Sta. Maria‚ Oel Angel BSBA – Marketing III February 15‚ 2014 Law in Income Taxation Mrs. Gosom Business Income Tax – A tax that governments impose on financial income generated by all entities within their jurisdiction. By law‚ businesses and individuals must file an income tax return every year to determine whether they owe any taxes or are eligible for a tax refund. Income tax is a key source of funds that the government uses to fund its activities and serve the public.
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The multiple realizability thesis says that there is more than one way to create a specific mental experience. An alternative way to state this is to say that widely different physical systems can have the same mental experience. The implied consequence is that it is the function of the physical system that is causal to the mental experience‚ an idea I will refer to as functionalism. Historically‚ the concept of multiple realizability facilitated the move from identity theory to functionalism. Functionalism
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Multiple Intelligence Multiple Intelligence Thesis: Multiple Intelligences is a theory about the brain that says human beings are born with a single intelligence‚ that cannot be changed‚ and is measurable by a psychologist. This research paper aimed to give readers comprehensive information about the different kinds of intelligence namely: Spatial; Linguistic; Logical-mathematical; Bodily-kinesthetic; Musical; Interpersonal; Intrapersonal; and Naturalistic. I. Definition II. The
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