Independent India income per capita declined relative to advanced economies until the 1980s. And though economic growth has been impressive since 1986‚ the upturn pre-dates even the modest economic reforms of 1991. Further there is increasing regional variation in income per capita across states in India despite the dominance of national economic policies. Some states’ growth rates have declined since the reforms. Yet labor has moved little within India from the regions of persistent low incomes to those
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i. BRIEF BACKGROUND Manila Water Company Inc. is a Philippines-based company engaged in the engaged in providing water‚ sewerage and sanitation services. It serves a total estimated population of over six million people in the East Zone‚ which encompasses 23 cities and municipalities that include business districts and residential areas in the eastern part of Metro Manila and the adjacent Rizal Province. The Company also manages and operates the sewerage system that covers a portion of its service
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Unit Title : Microeconomics 200 Student Name :Ivan Adiyan Wijaya Student Number :15800813 Campus :Curtin Singapore Tutor’s Name :Mr Leo Kee Chye Tutorial Day and Time :Monday‚ 1PM- 2PM Introduction Biofuel is a type of fuel which has energy that is derived from biological carbon fixation and include fuels which are generated from biomass conversion‚ such as liquid fuels‚ solid biomass‚ and various biogases
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theory (predicts what should happen—is a good theory if it is logical – ex single person decision theory) managers will shift the income into the current period in order to increase their bonus (difficult to measure the shifting of income). Come up with three hypothesis that would support the positive accounting theory 1. Bonus plan (managers will try to move the income into the period where its going to benefit them) 2. Debt convenient (managers will try to avoid a default in the contractual
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Chapter 1 introduction & tax residence •Direct taxes – taxes paid directly to government (income tax ‚ RPGT) •Indirect taxes – taxes paid to government via 3rd party( sale‚service) •Income tax –scope of charge( S3 of ITA) has been modified by ‘’tax exempted’’ Income tax shall be charged for each y/a upon income of any person accruing in or derived from MY or received in MY from outside MY Income known as revalue gain( capital gain never go for inc tax Person=individual ‚ Co(chargeable
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ABSTRACT India is the largest democracy with federal form of government. The fiscal arrangements in India have evolved in a quasi-federal system to meet the requirements of centralized planning in a mixed economy structure and their sources of revenue for both Centre and State were clearly demarcated with regard to the financial relationship and the responsibilities between them. Our constitution provides residual powers to the Centre and makes clear division of fiscal powers between the Centre
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ACC2120 NOTES WEEK 1 – FINANCING COMPANY OPERATIONS When a company is initially formed‚ it will generally need money to fund its set up such as the purchase of property‚ land and equipment as well as financing other operations. There are also legal costs of share issues‚ for any underwriting expenditure and for working capital. Hence it is important that enough money is raised to fund these needs. Companies can do this in several different ways. FIrstlly share issues. Share issues can be in the
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In the year 2004‚ the U.S. domestic express delivery market worth $45 billion. Mainly‚ this vast market is divided between the two major package delivery companies‚ United Parcel Services (UPS) and Federal Express Corporations (FedEx). This service is consists of three categories: 1) Weights: Letters‚ Packages‚ Freights 2) Mode of Transit: Air‚ Ground 3) Timeliness: Overnight‚ second-day‚ 3-day delivery‚ regular delivery (4 or more days) The air-express portion of the entire U.S. market
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Written Project ACCT 301 Professor Chen From the case we discuss‚ LabCo’s accounting policy for recognizes revenue from construction contract is reasonable. According to ASC605-35-25-61‚ an entity… shall use the completed-contract...for which reasonably dependable estimates cannot be made or for which inherent hazards make estimates doubtful. LabCo Company uses a normal standard for its accounting policy which is using Percentage of complection method base on how it determine the profit (cost-to-cost
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partnership. Answer: FALSE Page Ref.: C:9-8 Objective: 3 4) A partnership cannot make charitable contributions. Answer: FALSE Page Ref.: C:9-16 Objective: 2 5) ABC Partnership distributes $12‚000 to partner Al. Al’s distributive share of partnership income is $20‚000. Al is taxed on $20‚000. Answer: TRUE Page Ref.: C:9-17 Objective: 6 6) A partner’s "distributive share" is the partner’s share of any assets distributed by the partnership. Answer: FALSE Page Ref.: C:9-17 Objective: 6 7) A partner’s
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