3. Depreciation percentage=$1‚640‚200/$15‚411‚620 = 10.64% New Fixed Assets=$15‚411‚620 + $30‚000‚000 = $45‚411‚620 $45‚411‚620*.1064 = $4‚831‚796 new depreciation Pro forma Income Statement Sales ($36‚599‚300*1.12) $40‚991‚216 Cost of Goods Sold ($26‚669‚496*1.12) 29‚869‚836 Other Expenses ($4‚641‚000*1.12) 5‚197‚920 Depreciation 4‚831‚796 EBIT 1‚091‚664 Interest 573‚200 Taxable Income 518‚464 Taxes
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The 1950’s-60’s70’s-80’s Miranda Moultrie Nixon Back Again The United States presidential election of 1968 was the 46th quadrennial presidential election‚ held on Tuesday‚ November 5‚ 1968. Moon Shot On July 21‚ 1969‚ President Nixon spoke from the Oval Office to Apollo 11 astronauts Neil Armstrong and Edwin Aldrin at the Sea of Tranquility on the Moon. Apollo 11 was the spaceflight that landed the first humans on the Moon‚ Americans Neil Armstrong and Woodstock A village in New York state
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Comparing IFRS to GAAP Essay John Lebo ACC/291 8 July 2015 Paul Brown Comparing IFRS to GAAP Essay Some steps which both the FASB and the IASB have taken in regards to moving the fair value measurement for the financial instruments have come a long way. FASB and ISAB are each individually‚ for the majority moving forward towards a fair value measurement for the financial instruments areas. Each believes in the fair value measurement rule to be a much more accurate description of how a company’s
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Academic Research Expose Effective Tax Rate[1]– A Comparison between IFRS[2] and US-GAAP[3] Identification of the Subject The topic I have chosen refers to the relative effective taxes on profits from concerns. To calculate the effective tax rate‚ divide the total tax liability divided in current and deferred taxes by the total taxable plus non-taxable income and multiply it with 100 to get a percentage[4]. MotivationThe main focus of my studies is on accounting‚ finance and taxation. Nowadays
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The Cold War and U. S. Diplomacy: The Truman Doctrine Ardell Simmons Professor Muhammad Sohna Politics 300 Friday‚ December 2‚ 2011 The Truman Doctrine: Contain the Expansion of Communism‚ Presumably Everywhere Summarize a situation that required U.S. diplomatic efforts during the president’s time in office. According to Woolsey (2008)‚ “WWII had bled the British Forces to the bone. The Battle of Britain‚ and the huge casualties suffered in Africa and the Continent had made it impossible
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demonstrated its power to the Soviets and the world by the extraordinary triumph of the first moon landing in 1969. In order to fully appreciate the significance of the lunar landing of Apollo 11‚ one must review the history of the early U. S. space program‚ from its inception to the successful completion of the Apollo mission. The United States and the Soviets began their fierce competition after World War II‚ the Cold War era; not only was the arms race on the ground‚ but also race in space.
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IFRS vs. U.S. GAAP: Differences and Consequences of U.S. Adoption A Study of the Issue of Comparability Daniel Morey East Texas Baptist University Author Note This paper was prepared for managers and business owners who are concerned about the possible U.S. adoption of IFRS‚ and its effects on financial reporting and other effected areas. IFRS vs. U.S. GAAP: Differences and Consequences of Adoption A Study of the Issue of Comparability In the United States all publicly traded companies
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| Case Study Four | S&S Air International? | | | 5/7/2011 | The business world is highly competitive‚ changes quickly and is filled with risks and rewards. The international business world is no different! Things can change on the international stage in the time it takes to get a cup of tea! S&S Air has been in discussions with a dealer in Europe to sell the company’s model known as “The Eagle”. The dealer‚ Amalie Diefenbaker‚ has told S&S Air that she will pay the
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RUNNING HEAD: THE 1950’s AND 1960’s 1 The 1950’s and 1960’s Tracy Ladner Mississippi University for Women History 110 RUNNING HEAD: THE 1950’s AND 1960’s 2 The 1950’s and ‘60’s was a time of great growth and change for America. Some called it “The Golden Age” (Brinkley‚ 2012‚ p.779). For the most part there was prosperity and advances
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are prepared according to the Generally Accepted Accounting Principles (GAAP). By comparison‚ Hartcourt Companies‚ Inc. is a Chinese distributor of computer hardware based in Shanghai and its accounts are prepared according to the accounting practices of the PRC (People’s Republic of China) GAAP. The International Accounting Standards Committee (IASC) that came into existence in 1973 was the result of accounting bodies from all major companies culminating together with the objective to formulate
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