and sells bonds regularly for his own account. His cousin‚ who purports to be a tax expert but is not a CPA‚ has told Michael that because the bonds Michael holds are inventory‚ they are ordinary assets and not capital assets. Is this always true? Explain. This is not always true. If the bonds are held for his own account as an investment‚ they are a capital asset (Hoffman‚ 2013‚ p 16-7). If they are inventory‚ then they would be an ordinary asset (Hoffman‚ 2013‚ p 16-7). Michael should know because
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Graphical Representation of Data Chapter 3 ☞ (Paste Examples of any graphs‚ diagrams and maps showing different types of data. For example‚ relief map‚ climatic map‚ distribution of soils maps‚ population map) REPRESENTATION OF DATA Besides the tabular form‚ the data may also be presented in some graphic or diagrammatic form. “The transformation of data through visual methods like graphs‚ diagrams‚ maps and charts is called representation of data.” The need of representing data graphically:
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poem represents how poetry should be. For example‚ line 10 says “Over his head‚ make him scramble to pick up the meaning.” Poetry is supposed to be challenging‚ surprise the reader and makes them think what the deeper meaning is; which creates interest. If poetry was simple and easy to read it would be a short narrative story and be engaging or satisfying. The poem was a great representation of what poetry should be and brought me back to my childhood which is why I chose it to be the best. The poem
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the mere realisation of a capital asset are not income but where what is done is truly the carrying on of a business‚ the proceeds will be on revenue account: California Copper Syndicate Ltd v Harris (Surveyor of Taxes) (1904) 5 TC 159; Commr of Taxation v Myer Emporium Ltd (1987) 163 CLR 199; 87 ATC 4363. 3Mere gifts : This proposition is grounded in Hayes v FCT (1956): a voluntary payment from A to B prima facie is not income; but that presumption will not apply when the payment is in substance
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Denotative Meaning: Conceptual meaning is also called logical or cognitive meaning. It is the basic propositional meaning which corresponds to the primary dictionary definition. Such a meaning is stylistically neutral and objective as opposed to other kinds of associative meanings. Conceptual Meanings are the essential or core meaning while other six types are the peripheral. It is peripheral in as sense that it is non-essential. They are stylistically marked and subjective kind of meanings. Leech
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The Internet is a world wide network of interconnected educational‚ governmental‚ and business computers. Anyone with a personal computer and a modem can communicate across the Internet. Internet has become the most common media of interacting with the rest of the world. Also known as the World Wide Web‚ it is a network of computers connected together from all over the world‚ allowing users to share and transmit information. The Internet has positively changed the face of modern day communication
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Representation connects meaning and language to culture. Theories about how LANGUAGE is used to represent the world: * the reflective‚ Does language simply reflect a meaning which already exists out there in the world of objects‚ people and events? * the intentional Does language express only what the speaker or writer or painter wants to say‚ his or her personally intended meaning? * the constructionist Or is meaning constructed in and through language? this perspective has had
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Representation and expression in art. Various theories have been proposed in answer to these questions‚ the most popular being that the forms of art are similar to language and are to be understood as language is understood‚ in terms of conventions and semantic rules. A few examples of contemporary theories that have described art in this way include Ernst Cassirer’s philosophy of symbolic forms‚ Susanne K. Langer’s theory of presentational symbols‚ and the works on semiology and semiotics‚ largely
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2013 BAR I. In its final adjustment return for the 2010 taxable year‚ ABC Corp. had excess tax credits arising from its over-withholding of income payments. It opted to carry over the excess tax credits to the following year. Subsequently‚ ABC Corp. changed its mind and applied for a refund of the excess tax credits. Will the claim for refund prosper? (6%) II. A group of philanthropists organized a non-stock‚ non-profit hospital for charitable purposes to provide medical services to the poor. The
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Taxation Assignment Chpt1 #45 LO.5‚ 6 In March 2013‚ Jim asks you to prepare his Federal income tax returns for tax years 2010‚ 2011‚ and 2012. In discussing this matter with him‚ you discover that he also has not filed for tax year 2009. When you mention this fact‚ Jim tells you that the statute of limitations precludes the IRS from taking any action as to this year. a. Is Jim correct about the application of the statute of limitations? Why or why not? b. If Jim refuses to file for 2009‚ should
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