Case 5-1 Income Smoothing a. Firstly‚ investors tend to invest in companies with stable earnings rather than one with volatile earnings. With stable earnings‚ there will be more likely an issuance of dividends and investors could easily predict the company’s future earnings compared to one with unstable earnings. With consistent earnings generated‚ it gives investors a secured feeling that it will again generate earnings as predicted. Confidence in the growth of rate of earnings is crucial because
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History Income tax levels in India were very high during 1950-1980‚ in 1970-71 there were 11 tax slabs with highest tax rate being 93.5% including surcharges. In 1973-74 highest rate was 97.5%. But to reduce tax evasion tax rates were reduced later on‚ by "1992-93" maximum tax rates were reduced to 40%. [2][3] [edit]Residential status‚ Scope of taxable income & Charge [edit]Charge to Income-tax Whose income exceeds the maximum amount‚ which is not chargeable to the income tax‚ is an assesse
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Learning outcomes ...................................................................................................... 3 Module Leader ............................................................................................................ 3 Choosing a topic .......................................................................................................... 4 How the module works ............................................................................................... 5 Assessment
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Module 1‚ Lesson 2 Guided Notes Essential Standards Addressed: 2.1.1 (partial); 2.1.5 (partial) ● Slide 2 : What is matter‚ and what are some examples of matter? Matter is anything that has mass and takes up space. Some examples of matter would be water‚ air‚ and nitrogen! ● Slide 3: What are the three states of matter that are important in Chemistry? What are the major characteristics of solids? The three states of matter that are important in chemistry are solid‚ liquid‚ and gas
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Definition of Gross Income‚ Taxable Income‚ and Net Income Gross income refers to all income but not excluding exempt income and subject to final income tax. Example of gross income include: salaries and wages‚ commission‚ sale of and other dealings in property‚ rents‚ dividends‚ and securities. Exclusion from gross income or those incomes that are exempted from tax include: life insurance proceeds paid to beneficiaries upon the death of the insured; compensation for injuries or sickness‚ retirement
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London Southbank University JANUARY‚ 2011 THE EFFECT OF STRUCTURAL ADJUSTMENT PROGRAMME IN DEVELOPING COUNTRIES: CASE STUDY OF NIGERIA AND UGANDA STUDENT NUMBER: 2720509 COURSE UNIT: IMAGES OF DEVELOPMENT COURSE TUTOR: PROF. JOHN TAYLOR WORD COUNT: THE EFFECT OF STRUCTURAL ADJUSTMENT PROGRAMME IN DEVELOPING COUNTRIES: CASE STUDY OF NIGERIA AND UGANDA INTRODUCTION A structural adjustment program is a high-powered austerity plan imposed by the Bretton Woods Institutions‚ i.e. the
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Type A/B Personality test‚ and I also took Eysenck’s Test. Based on the results‚ I have come to the conclusion that the two aforementioned personality tests are fairly consistent with who I am. The first personality test I took came from Module 2: the Type A/B Personality Test. After answering the twenty questions‚ my score was 242 which scored high for Type A personality. I was not shocked when I read the results since I know that I can be uptight‚ worrisome‚ and orderly. For instance
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Definition of Tax “Taxes are compulsory payment to government without expectation of direct return in benefit to the tax payer” According to section 2 (62) of the ITO (Income Tax Ordinance) 1984: “Tax means the income tax payable under ordinance and includes any additional tax‚ excess profit tax‚ penalty‚ interest‚ fees or other charges leviable or payable under this ordinance.” Characteristics of Tax i. Tax is a payment to the government by the people. ii. Payment of taxes is non-penal
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Promotional costs to publicize a concert. Expense Debit H. A long-term loan owed to Citizens Bank. Liability Credit I. The albums‚ tapes‚ and CDs held for sale to customers. Asset Debit 2. May’s Transactions for Jennifer Royall Company May’s Transactions for Jennifer Royall Company Date Description Amount How Balance is maintained May 1 Invested cash of $25‚000 and land valued at $15‚000 into the business. $40‚000 Land (an asset) goes up by $40‚000. This is offset by a $25
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JUSTUS-LIEBIGUNIVERSITÄT GIESSEN Andreas Bausch / Barbara E. Weißenberger / Marcus Blome Is market value-based residual income a superior performance measure compared to book value-based residual income? Working Paper 1 / 2003 – Arbeitspapiere Industrielles Management und Controlling – Herausgeber: Professur für Betriebswirtschaftslehre mit dem Schwerpunkt Industrielles Management und Controlling (Prof. Dr. Barbara E. Weißenberger) Justus-Liebig-Universität‚ Gießen http://wiwi
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