CHAPTER 19 ACCOUNTING FOR INCOME TAXES Multiple Choice 1. Major reasons for disclosure of deferred income tax information is (are) a. better assessment of quality of earnings. b. better predictions of future cash flows. c. that it may be helpful in setting government policy. d. all of these. 2. Taxable income of a corporation a. differs from accounting income due to differences in intraperiod allocation between the two methods of income determination. b.
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Topic 19: Some people think that paying taxes is enough to contribute to the society. Others argue that being citizens involves more responsibilities. Discuss both sides and give your opinion. ANSWER Paying taxes has become a compulsory obligation of each citizen for a long time but in recent years‚ there have some heated debates with many people believing that paying taxes is a work expressing adequately their responsibilities with society. While others clam that it is not enough to become
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ENGINEERING ECONOMY Presented By Dr. Ali Ahsan My Introduction Your Introduction Name GPA Where do you wish to see your self after 10 years? The course design The benefits of the course The course outline Teaching method and requirement from students Yahoo group Photocopier Books Course Material Assignments Quiz Class Participation Presentation Exams Stationery Requirements Calculators Reading Lecture timings Chapter 1 Why Engineering Economy is important to Engineers (and other
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Discuss whether indirect taxes on petrol should be reduced Petrol is seen as a de-merit good as it can cause market failure as the free market may fail to take into account the negative externalities of consumption (pollution) because the social cost exceeds the private cost. Consumers too may experience imperfect information about the long term costs to themselves of consuming products deemed to be de-merit goods By imposing indirect tax on producers it raises their costs of production‚ shifting
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of the world’s largest economy. The GDP is valued at $17.914 trillion dollars! (World Bank)2 So how can one of the world’s largest economies belong to a country that has an increasing gap between rich and poor? Simple‚ the way it is run! The US government has lost control of and has virtually stopped regulating our economy. We have allowed our jobs to be outsourced in the name of profit. Politicians have allowed big business to run not only our economy‚ but our government. According to PBS1‚ only
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Maxim Gorky’s “The Lower Depths” shows the struggle between classes. Unquestionably‚ its focus is on the lowest of the economically low class people being controlled by the bourgeoisie. It is also a representation of how cruel the society could be towards them and how‚ in turn‚ the people are affected by the society. Although the play talks of the story of low class people –the vagrant‚ the gambler‚ the ex-artist‚ the ex-aristocrat‚ the prostitute‚ and so many others‚ the thief’s character is
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Chapter V1‚ Laws of the Federation of Nigeria (LFN) 2004. The tax is administered by the Federal Inland Revenue Service (FIRS). Rates and scope Rates The standard VAT rate on goods and services is 5%. Value for VAT purposes includes customs duties‚ taxes‚ commission‚ transport‚ insurance and other charges‚ where applicable. Other than the standard-rated goods and services‚ some goods and services have been classified as VAT exempt‚ while others are zero-rated. Scope The standard rate applies to all
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so-called “middle-income trap”? 2. When will China attain its high-income economy? 3. When will China overtake the US to become the world’s number one economy? According to the statistics of the International Monetary Fund (IMF)‚ only 6 out of a total 185 economies have sustained an economic growth rate of 5%+ per annum‚ and China is one of the exclusive half-dozen. China intends expressly to keep it up. To quote from REPORT ON THE WORK OF THE GOVERNMENT‚ delivered by Premier Li Keqiang
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In the film Raise the Red Lantern‚ by Chinese director Zhang Yimou (1991‚ Zhang Yimou)‚ we are shown the story of Songlian and her experiences as the new fourth wife of her master. The struggle between tradition and modernity as well as femininity versus masculinity is prominent in the film as Songlian is thrown into the Chen family compound‚ fully governed in Confucian tradition‚ and the capitalist democratic competition between the wives and Songlian’s rebellion to tradition causes many problems
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It Takes a Village to Raise a Child Behind every great book are great themes that paint a picture of the ideas the writer is attempting to being across. The Graveyard Book is no different. Neil Gaiman not only tells a story about a boy being raised by ghosts in a graveyard but also gives an important message about the importance of family in a growing child’s life. Bod would not survive long outside the graveyard without The Man Jack eventually catching up to him. If it was not for the assistance
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