Lee Corporation Equity Scenario Income B-4 Taxes Tax Expense (40%) Net Income 240‚000 96‚000 144‚000 NOTE: adjustments to error corrections are always after tax (AT). JE’s needed: DR Retained Earnings Accumulated Depreciation 15‚000 15‚000 CR Retained Earnings Inventory 21‚000 21‚000 Dividends (Retained Earnings) Cash Dividends Payable 100‚000 75‚000 25‚000 Lee Corporation Retained Earnings Statement for the year ended December 31‚ 2007 January 1‚ as reported Correction for depreciation
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Course Instructor Professor Goh Beng Wee Team Members Ng Si Yong Lo Yeow Fong Charissa Sim Yik Jia Qi Ong Shu Fang acct103-G4 Analysis of Popular Holdings Limited Financial Accounting Term Project (for OBHR 001 – Leadership and Teambuilding) Executive Summary Popular Holdings is a main board listed company in Singapore. It was incorporated in Singapore on 5 October 1996 as a private company under Popular Holdings Limited and the principal activity is that of an investment holding
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that belongs th the lower-middle class that earlier could not have thought of a car . Higher-midle class group as well who already owe a car but want to or might be interested in buying another car but cant afford other expensive car . The group of people who would certainly interested into having a compact car . Q-2 What all factors should be taken in a account while identifying the demand for nano cars in malaysia ? Ans-The factors that should be taken into account while
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Part A: Cloud Computing What is cloud computing? Cloud computing allows people to log into a web based service which hosts applications‚ programs or document. Imagine your job at a big corporation is to make sure every single computer in the company has the right software to work. Buying applications and programs for every single computer can be costly. Cloud computing solves that problem. You’d only have to install one application to ensure the employees can access to the “cloud”. The “cloud”
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TOPIC: WHAT IS TORT‚ AND TORTIOUS LIABILITY ? From a legal standpoint‚ a tort is a private or civil wrong or injury (other than a breach of contract) for which a court of law may provide a remedy through a lawsuit for damages (compensation). For example‚ when a person violates his/her duty to others created under general (or statutory) law‚ a tort has been committed. Tort law relies heavily on the common law‚ the legal opinions of the Courts‚ general trends in the community‚ and legal scholarship
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CHAPTER ONE INTRODUCTION Cloud computing refers to the delivery of computing and storage capacity (Gruman ‚2008) as a service to a heterogeneous community of end-recipients. The name comes from the use of clouds as an abstraction for the complex infrastructure it contains in system diagrams (Gruman‚ 2008). Cloud computing entrusts services with a user’s data‚ software and computation over a network. Cloud computing can be public or private or hybrid. In public cloud‚ applications‚ storage‚ and
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Important Financial Ratios in Investment Analysis Introduction Financial ratios are derived ratio numbers from the financial statements of a company. Depending on the task‚ financial ratios can serve to various purposes in accounting‚ legal‚ M&A uses‚ etc. For investors‚ financial ratios are very powerful in two ways: indentifying the company’s unique competitiveness and evaluating its stock price level. The first part helps investor find a truly valuable company and the second part helps investor
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1. Introduction 1. Equity and Trusts * Equity is a particular body of law‚ consisting of rights and remedies‚ which evolved historically through the Courts of Chancery to mitigate the severity of the common law. * The trust has been characterised as the greatest and most distinctive achievement in equity although an exact definition of the trust has proven difficult. * Equity would recognise and enforce rights and duties that were not known to the common law. * E.g. the common
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EMBA 8500 #1 Book value of debt Book value of equity Market value of debt Market value of equity Pretax cost of debt After Tax cost of debt rd Market value weights of: Wd Debt We Equity bL Levered beta Rf Risk-free Rate Market Premium RM Ke Cost of equity WACC EBIT - Taxes (34%) EBIAT + Depreciation - Capital expense Change in Net Working Capital Free Cash Flow Value of Assets ( FCF/WACC) CASE # 31 0% Debt 100% Equity $ $ 20‚000 $ $ 20‚000 7.0% 4.62%
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INCOME TAX Introduction : The income tax is administrated Income Tax Ordinance‚ 1984 and the Income tax Rules‚ 1984 as well as notification made under the Ordinance. The charge of tax of a person depends on its resident ship. Total world Income of a resident is charged to tax in Bangladesh. Where as a non-resident’s Bangladesh income is only charged to tax in Bangladesh. There are seven heads of income. The are salary‚ interest on security‚ house property‚ agriculture‚ business and profession
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