Tax Treatment of Private Jet Expenses Facts: Alex Jones is a computer engineer‚ Aubrey‚ his wife‚ is an attorney. Alex is an independent contractor at ABC‚ Inc. Jones owns a Christmas tree farm as sole proprietorship in Oregon and they report the farm on their joint federal income tax return. Apart from the home in Phoenix‚ AZ‚ Jones has the other home in Honolulu‚ Hawaii‚ and cost $2 million to rebuilt it. They lease the home to operate the house as B&B. Apart from that‚ they also own a
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Sample Balance Sheet: Example Company Balance Sheet December 31‚ 2011 ASSETS | | | LIABILITIES | Current assets | | | Current liabilities | | | Cash | $ 2‚100 | | | Notes payable | $ 5‚000 | | Petty cash | 100 | | | Accounts payable | 35‚900 | | Temporary investments | 10‚000 | | | Wages payable | 8‚500 | | Accounts receivable - net | 40‚500 | | | Interest payable | 2‚900 | | Inventory | 31‚000 | | | Taxes payable | 6‚100 | | Supplies | 3‚800
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for the event. Event Planner * Ensuring that the vision of CAIB is delivered‚ providing comfort to attendees‚ making sure rooms are convenient‚ and that each day of the event runs smoothly according to the agenda. Attendees * Coming to the event‚ understanding the purpose of the event‚ and possibly providing feedback Agenda Day 1 Registration: 8:30am-9:30am Breakfast: 8:40am-9:30am Plenary Session: 9:30am- 11:00am Coffee Break: 11:00am-11:15am Breakout Session: 11:15am-12:15am Workshop
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accounting principles. Profits can be changed easily by using certain accounting methods or manipulating accruals. When discovered‚ this information will have a negative effect on a company ’s share price and its reputation in general. Methods of Income Smoothing In order to present a more positive result to shareholders and a more favorable view of company’s results‚ numerous methods exist that can be used by accountants. Most methods are achieved by using book entries. The Depreciation Method
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APPROVAL SHEET The Research proposal entitled “Effects of Electronic Gadgets on Youth” is prepared and submitted by Jodelyn P. Nayre in partial fulfilment of the requirements for economics subject has been examined and is hereby recommended for oral examination‚ acceptance‚ and approval. ARLYN D. DORADO Adviser PANEL OF EXAMINERS APPROVED by the committee on research and oral examination with a grade of ________. ARLYN D. DORADO Accepted in partial fulfilment of the requirements for
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Accrued Interest = x Nominal Return = Real Return = – 1 Real rate of return Compounding = rnominal-inflation rate Current yield = The invoice price is the reported price plus accrued interest The ask price is 101.125 percent of par‚ so the invoice price is: $1‚011.25 + (1/2 $50) = $1‚036.25 Effective annual rate on a three-month T-bill: Optimal capital allocation: Y= E(rp)- Rf / A(std)^2portfilio – 1 = (1.02412)4 – 1 = 0.1000 = 10% Effective annual interest rate
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Attendance Number: ------------ Section: ------------------------ Scientific Research Skills HSS 110 First semester 2012/2013 Working Sheet Course Activities & Assignments 1) Select the topic that you are interested in (in a form of variable) ‚ start from general idea or area‚ attach your reading in your portfolio: --------------------------------------------
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earnings are the bottom line of their income statement and is a measure of the firm’s income over a given period of time. The cash flow of a firm shows how a firm has used the cash it earned during a set of time. There are two reasons that the income statement does not show the amount of cash earned. One‚ there are non-cash entries on the income statement and second‚ there are certain uses such as a purchase of a building that are not reported on the income statement. The statement of cash flows
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Merck Consolidated Balance Sheet | | | | | | € million | ------------------------------------------------- Note | ------------------------------------------------- Dec. 31‚ 2012 | ------------------------------------------------- Dec. 31‚ 2011 | ------------------------------------------------- Jan. 1‚ 2011 | 1 | Previous year’s figures have been adjusted‚ see Note [5] | | Current assets | ------------------------------------------------- | -------------------------------------------------
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6‚950 9‚620 9‚620 Rent Expense Accumulated Depreciation Sept 4 680 Sept. 30 680 Sept. 30 288 Supplies on Hand Income Sept. 5 942 Sept. 30 330 Sept. 30 680 Sept. 30 9‚620 Sept. 30 Bal 612 Sept. 30 515 Sept. 30 1‚800 Office Salaries Expense Sept. 30 288 Sept 30 1‚800 Sept. 30 1
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