substantive and non-substantive components). Requires that (1) determining whether a milestone is substantive should be made only at the inception of the arrangement‚ and (2) to be substantive‚ consideration earned from the achievement of a milestone should: Be commensurate with the vendor ’s performance to achieve the milestone or with the enhancement of the value of the delivered items. Relate only to past performance (no portion of the milestone may relate to remaining deliverables and no portion
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for interpretation is an extract from the novel “From W. S.” by L.P.Hartley‚ a British writer‚ known for novels and short stories. L.P. Hartley was a highly skilled narrator and all his tales are admirably told. As a contemporary reviewer remarked‚ “not only does he portray the exterior of social life with a novelist’s sharp eye for detail‚ but he also explores the underworld of fears and fantasies through which we wander in our ugliest dreams”. “From W.S.” comes from “The Complete Short Stories of
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1. If people were to compare children’s experience from now to the 1970’s‚ most would say that children no longer play outside. Although that is partly true due to entertainment media‚ there are other reasons why children no longer play outside as much. Before‚ many women were mostly housekeepers. They made sure that the house was clean‚ and they watched over all the children. Today‚ many more women work in the labor force‚ so the time that children spend outside in creative play has decreased. Nevertheless
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Income Inequality It is very prevalent in our society that inequality comes in all different forms. One could see inequality everyday in gender‚ races‚ and even income. Income inequality has been steadily rising for many years and people have become frustrated with this upward trend. In David Leonhardt’s article “Inequality Has Been Going on Forever … but That Doesn’t Mean It’s Inevitable‚” the author criticizes this upward trend and describes the different levels of income inequality that
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Deduction under section 33AB is allowable against composite income and not against only 40% of composite income- A case of un-necessary litigation by revenue in case of Tea Companies . Computation provision: Section 33AB is a provision relating to allowing deduction from business income. It falls under Part “D” of Chapter IV of the Income-tax Act‚ 1961. This part consists of various sections from section 28-44DB. As per section 29 the income referred to in section 28 shall be computed in accordance
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marketing research is a subsystem of the marketing information system. A Marketing Information System (MIS) is a structure within an organisation designed to gather‚ process and store data from the organisation ’s external and internal environment and to disseminate this in the form of information to the organisation ’s marketing decision makers. The activities performed by an MIS and its subsystems include information discovery‚ collection‚ interpretation (which may involve validation and filtering)
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Accounting for Income Tax The standard prescribes the accounting treatment for income taxes is AASB 112 AASB 112 is based on a balance sheet approach to account for income taxes and it covers: • the accounting treatment of current and deferred tax expenses; • recognition and measurement of current tax assets and liabilities; • recognition and measurement of deferred tax assets and liabilities; • the accounting treatment of the tax consequences of various transactions and events‚ including
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Sources of Malaysian Law Weeks 3 & 4 • The sources of Malaysian Law mean the legal rules that make the laws in Malaysia‚ which can be classified into written and unwritten law. Written Law • Is the most important source of law‚ includes the following: 1. Federal and State Constitutions. Federal Constitution – Is the supreme law of the land (Article 4 states that any law passed after Merdeka Day which is inconsistent with the constitution shall‚ to the extent of inconsistency‚
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principles and both get a true and fair audit report?” - M. Lafferty Nowadays‚ as our economy is facing possible everyday crises‚ managers undergo an increasing pressure in order to keep their company ’s earnings stable. Shareholders and analysts expect companies to meet forecasted goals and not to deviate from these. Especially‚ reliable companies are to report positive results and shall not present any ’surprises ’. Managers therefore often turn to their accounting departments for help‚ whose job it
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U Drive Transport Memo To: Mr. Donald Douglass/President of U Drive Transport From: Marketing Associate cc: Mr. Donald Douglass/President; Ronald Abrahams/CEO of U Drive Transport Date: July 26‚ 2014 Re: Global Marketplace for Expansion: Australia Attention: Mr. Donald Douglass and Mr. Ronald Abrahams‚ as well as all stockholders for U Driver Transport. After much research and evaluating of information pertaining to the country of Australia‚ I believe that Australia will
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