EXERCISE 16-13 (15–25 minutes) 1/1/14 No entry (total compensation cost is HK$450‚000) 12/31/14 Compensation Expense 225‚000 Share Premium—Share Options (HK$450‚000 X 1/2) 225‚000 12/31/15 Compensation Expense 225‚000 Share Premium—Share Options 225‚000 5/1/16 Cash (9‚000 X HK$20) 180‚000 Share Premium—Share Options 405‚000* Share Capital—Ordinary (9‚000 X HK$5) 45‚000 Share Premium—Ordinary 540‚000 *(HK$450‚000 X 9‚000/10‚000) 1/1/18 Paid-in Capital—Share Options
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which don’t include the financing activities. The non-operating portion of ROE represents is that a company captures profit from financing activities and investing activities (both of them are not operating activities). c). Marginal tax rate means a rate of tax
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STATE SALES TAX RATES AND VENDOR DISCOUNTS (January 1‚ 2013) STATE ALABAMA ALASKA ARIZONA (9) ARKANSAS CALIFORNIA COLORADO CONNECTICUT DELAWARE FLORIDA GEORGIA HAWAII IDAHO ILLINOIS INDIANA (2) IOWA KANSAS (9) KENTUCKY LOUISIANA MAINE MARYLAND MASSACHUSETTS MICHIGAN MINNESOTA MISSISSIPPI MISSOURI MONTANA NEBRASKA NEVADA (9) NEW HAMPSHIRE NEW JERSEY NEW MEXICO NEW YORK NORTH CAROLINA NORTH DAKOTA OHIO OKLAHOMA OREGON PENNSYLVANIA RHODE ISLAND SOUTH CAROLINA
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a. Why is corporate finance important to all managers? Corporate finance is important to all mangers because it lets them know the company’s financial situation before any decisions can be made within the organization. It helps managers develop strategic financial issues associated with achieving goals. Having a solid understanding of corporate finance helps mangers find ways to raise and manage its capital‚ which type of investments the firm should make‚ if profits are earned‚ how these profits
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Monash University Semester One Examination 2008 Faculty of Business and Economics Department of Accounting and Finance EXAM CODES: TITLE OF PAPER: EXAM DURATION: READING TIME: AFF3111 FINANCIAL PLANNING ENVIRONMENT 3 hours 10 minutes THIS PAPER IS FOR STUDENTS STUDYING AT: (office use only - tick where applicable) Berwick Caulfield Clayton Gippsland Peninsula Sunway Distance Education Enhancement Studies Open Learning Other (specify) During an exam‚ you must not have in your possession‚ a book
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business ones. The advantage is the ease with which it can be establish and the lack of regulations governing it. Partnership: Business owned by two or more persons who are personal responsible for all its liabilities. The partners pay personal income tax on their share of these profits. Each partner has unlimited liabilities for all the business’s debts. Corporations: Business owned by stockholders who are not personally liable for the business‘s liabilities. A corporation is legally distinct from
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an impact in a “trickle-down” effect from the government to businesses and finally to households. Decrease in Taxes When the Government decides to reduce taxes‚ the tax typically assumed to see the reduction is the income tax. “According to the Internal Revenue Service (IRS)‚ approximately
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decide to stop purchasing a certain product. A consumer may choose to not purchase a good that my normally go along with another good. This good is a complimentary good and may not be bought because of increased taxes. According from article about tax increase on alcohol‚ “Some students said they will purchase certain types of alcohol."I won’t be buying this (hard alcohol) stuff‚ probably just Budweiser‚" said Brian Pinuleac‚ senior in LAS.” (The Daily Illini) For instance‚ a consumer usually buys
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Brian Ladenheim Tax Strategy Case Study ACC 750 Date: 10/11/13 MEMO: To: Moe‚ Larry‚ and Curly From: Brian Ladenheim Date: 10/11/13 Subject: Entity Selection on Oliveology Congratulations on your newest venture. We know you have a lot of options when choosing a consultant and are thrilled we will be able to assist you. We understand you are contemplating the entity of choice for your company. After immense research we have come to the conclusion the best option for Oliveology is to
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Chapter 08 Business Income‚ Deductions‚ and Accounting Methods SOLUTION MANUAL Discussion Questions 1. [LO 1] What is an “ordinary and necessary” business expenditure? “Ordinary” and “necessary” imply that an expense must be customary and helpful‚ respectively. Because these terms are subjective‚ the tests are ambiguous. However‚ ordinary is interpreted by the courts as including expenses which may be unusual for a specific taxpayer (but not for that type of business) and necessary is
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