Classificatory smoothing of Income with Extraordinary Items - Summary Within this paper they talk about whether extraordinary items are used to smooth ordinary or operating income over time. The role of extraordinary items was never really looked at become separately and that is what they wanted to look at. They talk about how previously the focus was on net income after extraordinary items but that it is important to look at net income before extraordinary items also
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“Family Income” Wage- Is the money amount receive daily for rendering service. Received by unskilled semiskilled‚ and skilled workers or blue-collar workers. A salary is the amount of money received monthly by professionals or white-collar workers. IN ADDITION TO WAGES OR SALARIES‚ SOME FAMILIES HAVE OTHER SOURCE OF INCOME THIS INCLUDE THE FOLLOWING: 1. Dividends from investments in bonds & stock. 2. Gifts from relatives & friends. 3. Inheritance. 4. Rentals from apartments
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Balance of payment Most of exports and imports involve finance i.e. receipts and payments in money. An account of all receipts and payments is termed as Balance of Payments (BOP). According to Kindle berger‚ "The balance of payments of a country is a systematic record of all economic transactions between the residents of the reporting country and residents of foreign countries during a given yeriod of time". The balance of payment record is maintained in a standard double-entry book-keeping
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Balance of Payments MEANING : Balance of payment can be defined as systematic record of all economic transactions between the residence of one country and the residence of another country during a given period of time.Economic transactions can broadly be categorized in to four heads which are: 1. VISIBLE ITEMS : visible items include all those tangible goods which can be imported and exported. These are visible as they are made up of some matter or material. this is known as merchandise also.
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interesting to see your net pay. Most of us expect more than we get. By the time you get your check‚ it has been cut up like a piece of pie‚ with several entities taking a piece of the pie. The entities that take money differ from person to person‚ company to company and state to state. However‚ almost every income earner has to pay federal income tax. An income tax is a tax levied on the financial income of persons‚ corporations‚ or other legal entities. Various income tax systems exist‚ with varying
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But its all depends on how we use the INTERNET which is simply called as the backbone of world technology.. You might have heard that everything in this world has the other side‚ if one side is good‚ another side may be bad. Similarly‚ if one side is bad‚ another side will be good. This is the simple example‚ which may be applicable on the usage of internet. Internet‚ no doubt has made this world so wonderful‚ which we had never even dreamt of. For example‚ I am writing this answer for
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7. What are the advantages and disadvantages of using interest-rate swaps? One of the advantages of using interest rate swaps is that they allow the institutions to convert fixed-rate assets into rate-sensitive assets without affecting the balance sheet. Also interest rate swaps can be written for longer maturities than those written for financial futures and future options that usually have shorter maturities. Also the premiums paid are lower than those for options. One of the big disadvantages
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National income is a measure of the total value of goods and services produced in a country over a given period‚ usually a year. Simply‚ it is the total amount of income earned by the citizens of a nation. The term national income normally refers to the Gross National Product (GNP) of a country in a given year. GNP is a measure of the total market value of final goods and services produced by all the citizens of a nation in a year. There are three main approaches to measuring National Income these
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Adam Smith Who was Adam Smith? Adam Smith was Scottish economist and philosopher‚ whose famous views in the Nature and Causes of the Wealth of Nations‚ better known by its abbreviated name of The Wealth of Nations (1776)‚ was the first attempt of analyze the determinants of capital formation and historical development of industry and trade between European countries‚ which helped create the basis of the modern science of economics. In The Wealth of Nations ‚ Smith conducted a deep analysis of
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Question One: Why is Brown Forman considering buying Southern comfort? Brown-Forman Distillers Corporation is in a favourable financial position and is performing well relative to their competitor’s. In 1978‚ Brown-Forman holds a higher profit margin‚ higher growth rate and a higher anticipated return on sales for the remainder of 1978. According to the annual report for the 1978 financial year‚ the company highlighted that the business is in a positive position where the balance sheet shows strong results
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