Chapter One: About Laws Review: 1. What is law? Laws reflect the values and beliefs of a society‚ as society’s values change‚ so do it laws‚ are a set of rules established and enforced by the government. Laws are mandatory. Laws involve a detailed system of consequences. 2. Distinguish between laws and rules. When you break a rule you can suffer consequences for doing so‚ they are not as serious as the consequences you will experience if you break the law. Laws strike a balance between
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Micaela Bataclan Social Studies April 9‚ 2013 Chapter 5 Outline #4 Big Ideas – (3) Section 1 The U.S. Constitution balances the powers of the federal government among the legislative‚ executive‚ and judicial branches. (pgs.144) Section 2 The Bill of Rights was added to the Constitution to define clearly the rights and freedoms of citizens. (p.178) Section 3 American citizenship involves great privileges and serious responsibilities. (p.184) Main Topics – (11) Section 1 (p
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Company’s Act 1956‚ share means a part in the share capital of the company and it also includes stock except where a distinction between stock and share capital is made expressed or implied. TYPES OF SHARES: As per the provision of section 85 of the Companies Act‚ 1956‚ the share capital of a company consists of two classes of shares‚ namely: 1. Preference Shares 2. Equity Shares PREFERENCE SHARES: According to Sec 85(1)‚ of the Companies Act‚ 1956‚ a preference share is one‚ which carries
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AP Statistics Name ____________________________________________ 11/6/07 Wood/Myers Period _______ Test #5 (Chapter 5) Honor Pledge ___________________________________ Part I - Multiple Choice (Questions 1-10) – Bubble the answer of your choice on the scantron form. 1. Who makes more mistakes on their income tax forms: accountants or taxpayers who prepare the form themselves? A random sample of income tax forms that were prepared by accountants was drawn from IRS records
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year they are paid. This is the most common method of sharing corporate profits with the shareholders of the company. For each share owned‚ a declared amount of money is distributed. Thus‚ if a person owns 100 shares and the cash dividend is USD $0.50 per share‚ the holder of the stock will be paid USD $50. Stock or scrip dividends are those paid out in the form of additional stock shares of the issuing corporation‚ or another corporation (such as its subsidiary corporation). They are usually issued
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ACC555 Week 3 Homework Chapter 5 5-11Why did the Supreme Court rule in the Corn Products case that a gain due to the sale of futures contracts is ordinary income instead of capital gains? The Supreme Court felt that the purchase and sale of futures contracts represented an integral part of the business and its purpose is to protect the company’s operations. Therefore the gain on the sale is ordinary income‚ because it is done in the ordinary course of business. 5-49 Capital Losses. To better
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to Mandate Electronic Textbooks: I am senator Slover and I stand firmly as affirmation on the bill to mandate electronic textbooks. Electronic textbooks will be the answer to economic struggles in schools all across California. Not only will this action cut down expenses on paper‚ textbooks‚ and the fees for missing textbooks‚ but it will help make money for other departments of education. A study‚ by ALA.org‚ comparing prices of textbooks and an e-book shows that a textbook is approximately double
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Chapter 1: Overview of Financial Statement Analysis Sample Multiple Choice Questions 1. Which of the following is likely to be the most informative source if you were interested in a company’s business plan or strategy? A) auditor’s letter B) management discussion and analysis C) proxy statement D) Footnotes Answer: B 2. Which of the following would not be considered a source of financing? A) notes receivable B) common stockholders’ equity C) retained earnings
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Asset could write-off the loan as a bad debt and claim a tax deduction. Nonetheless‚ the Commissioner of Tax disallows the deduction for the bad debt because of the significant degree in the overlap in the management of both companies and the very large degree of control over the directors. In order to determine that whether the bad debt can be deducted‚ the relationship between Asset Pty Ltd and Buildco Ltd should be analyzed. Case analysis * Statute law According to the statute law‚ it is
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Gorn Chapter 5 Response Paper 1. What powers awarded to congress in the Constitution of 1787 would an Anti- Federalist be most likely to oppose? Anti- Federalist were against the Constitution all together but most of all‚ I think the Anti-Federalist were against the fact that the state government’s would no longer have as much power like it did with the Articles of Confederation. The constitution supported the idea of a powerful and strong central government. The congress had the power to
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