+++++*-- .+-+ =]=]]-]\]_\\|)=\ =- \= -}\ \\\\\\\[9 90 Modified Accrual Full Accrual Accounts Payable In the absence of an applicable modification‚ accounts payable are recognized in the fiscal year in which the agency incurs the liability Recognize a payable in the fiscal year in which the agency incurs the liability. Prepaid Items Under GAAP‚ it is optional to use either the purchases method or the consumption method. Recognize an asset when an item is purchased and an expense
Premium Generally Accepted Accounting Principles
Two days after Malala Yousafzai was shot in the head by militants from the Pakistani Taliban‚ Her shooting went not only against the teachings of Islam‚ but also against Pashtun traditions‚ in which you would never think of hurting a woman — let alone a 14-year-old girl on her way home from school. As a father‚ naturally I pictured one of my own children lying in that hospital. What happened to her was against all human emotion. But now Malala has become a symbol of Pakistan. She is a role model
Premium Pakistan Taliban
MCIT(minimum corporate income tax) Under the CTRP‚ an MCIT equivalent to two percent (2%) of gross income is imposed beginning the fourth (4th) taxable year immediately following the taxable year in which such corporation started its business operations. The MCIT is imposed whenever such corporation has zero or negative taxable income or whenever the amount of the MCIT is greater than the regular corporate income tax due from such corporation. An MCIT equivalent to two (2%) of the gross income derived from
Premium Tax Taxation in the United States Corporate tax
1.0 Introduction Singapore already start adopting a one-tier corporate tax system effect from 1 January 2003. In Malaysia‚ it is referred as the ‘single tier’ system. The government allowed a six-year transitional period to enable companies with unutilized dividend franking credits to pay franked dividends. From 1 January 2008‚ all resident companies in Singapore will come under the one-tier system. Meanwhile‚ other countries including Hong Kong‚ Ireland and also Malaysia are adopting the one-tier
Premium Income tax Progressive tax Taxation
treat the money value or cash equivalent of the sale price to be considered as realized income. Another very vital element is involved in between‚ that is‚ a third one‚ namely acquiring legal right to claim the price of the goods delivered or fees for services rendered. Acquiring the legal right to claim the consideration for goods/services is called accrual of revenue‚ which usually precedes collection. However‚ in case of cash transactions‚ under the accrual method P/L A/c and Balance
Premium Generally Accepted Accounting Principles
New Era University “Alcohol-Related Problems” By Jett S. Sison BSBA – Financial Management English 2 MW 2:30pm – 4:00pm 1 Chapter 1 THE PROBLEM ITS BACKGROUND This chapter presents the issue about people who have or doesn’t have the habit of drinking alcohols and liquors even if they are young or old. Youngsters learned to drink alcohol because of the peer pressure or maybe because of what they are watching like a drama which shows a character that drinks alcohol
Free Alcoholic beverage Alcoholism Alcohol abuse
COMPARATIVE STUDY OF RETAINED EARNINGS OF LUPIN v/s WYETH INTRODUCTION Managing a company’s operations‚ marketing and sales activities and expense management are but a few of the decisions that management has to deal with. After it has made a profit the company will then need to decide what to do with those profits. Among the options for using profits are: operations‚ returning cash to shareholders‚ or keeping cash in reserve for future use Retained earnings represent the amount a company
Premium Dividend Income statement Generally Accepted Accounting Principles
Appeal of Low Income Housing Tax Credits Overview of the LIHTC The Low Income Housing Tax Credit (LIHTC) provides incentives for corporations and individuals to invest in the acquisition‚ development and rehabilitation of affordable housing. The program offers federal tax credits to private equity investors that work with profit or non-profit developers in constructing or renovating rental properties for low-income tenants‚ those who earn 60 percent or less of the median family income for their county
Premium Taxation in the United States
Comp 1 1203 11/13/13 My Father‚ my Literacy Sponsor Before I took Freshman English 1203 class‚ I never knew what a literacy sponsor was. I didn’t know that my father was in fact my literacy sponsor either. Reading the book Writing about Writing has fully helped me to understand what a literacy sponsor is. One of the Authors in the book‚ Deborah Brandt claims a literacy sponsor to be‚ “any agents‚ local or distant‚ concrete or abstract‚ who enable‚ support‚ teach‚ model‚ as well recruit‚ regulate
Premium Family Mother High school
Ameen uses straight-line depreciation for financial statement reporting and MACRS for income tax reporting. At December 31‚ 2012‚ the carrying value of the building was $30 million and its tax basis was $20 million. At December 31‚ 2013‚ the carrying value of the building was $28 million and its tax basis was $13 million. There were no other temporary differences and no permanent differences. Pretax accounting income for 2013 was $45 million.On January 1‚ 2010‚ Ameen Company purchased a building for
Premium Generally Accepted Accounting Principles Depreciation Finance