& D | ‐‐‐‐‐‐‐‐‐ | Restructuring costs | ‐‐‐‐‐‐‐‐‐ | Total Operating Exp | $1‚216.00 | Operating income | $1‚660.00 | Total interest and other Income net | $194.00 | Income before provision for Income taxes | $1‚854.00 | Provision for income Taxes (15%) | $278.10 | Net income | $1‚575.90 | September 25‚ 2009
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Compare and contrast Accrual Earnings Management and Real Earnings Management. Real Earnings Management: a. Real activities manipulation: managers try to mislead at least some of their stakeholders to believe that the financial reporting goals have been met through normal operational practices. However‚ this is not a value added activity‚ sometimes may even reduce firm value because current actions will have negative effect on future cash flow. b. It is probable that real earnings management will have
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Accruals and the Prediction of Future Cash Flows: evidence from China Background Predicting the company’s future cash flows is of high significance in accounting and finance areas alike‚ due to the fact that the ability of company generating cash flows substantially influences its securities value. For this purpose‚ Financial Accounting Standards Board (FASB) states that the primary objective of financial reporting is to provide information to help investors‚ creditors‚ and others in assessing
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RE: Legal Basis of Philippine Education 1935 Constitution‚ Article XIV‚ Sec. 5: Quote:Section 5. All educational institutions shall be under the supervision of and subject to regulation by the State. The Government shall establish and maintain a complete and adequate system of public education‚ and shall provide at least free public primary instruction‚ and citizenship training to adult citizens. All schools shall aim to develop moral character‚ personal discipline‚ civic conscience‚ and vocational
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THE BASIS OF KING’S NOVELS: FROM THE GOTHIC NOVEL TO POE Since childhood the King of horror‚ Stephen King was very fascinated by the unusual and "the dark side” of man. In fact‚ at the age of ten‚ he discovered the horror genre after seeing the film about extraterrestrials Earth vs. the Flying Saucers. Two years later‚ the little King in his aunt’s attic‚ found his grandfather’s books‚ who was fond of the authors Edgar Allan Poe‚ Howard Phillips Lovecraft and the British television writer Jamie
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ZOOL 1 Lecture 3 1 2 ¡ ¡ ¡ ¡ Chemical substances that cannot be broken down to simpler forms by ordinary chemical reactions Atom Atomic number Atomic mass Compound Molecule Macromolecule 3 ¡ ¡ ¡ ELEMENT Oxygen Carbon Hydrogen Nitrogen Calcium Phosphorus Potassium Sulfur
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CHAPTER I INCOME TAXES1 A. INDIVIDUAL INCOME TAX 1. Persons subject to the individual income tax For income tax purposes‚ individual taxpayers are classified into: a. Citizen (1) Resident citizen - is a citizen of the Philippines who has a permanent home or place of abode in the Philippines to which he/she intends to return whenever he/she is absent for business or pleasure. (2) Nonresident citizen - is a citizen of the Philippines who establishes the fact of his/her physical presence abroad with
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past two years as Jane has become argumentative and emotionally distant from both parents. Six months ago‚ while living in New York‚ Jane asked her father if she could return to Canada because she was no longer getting along with her mother. John said no. Two days later‚ Jane ran away to her Uncle Billy in California. She left a message for both of her parents
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or concerns that may differ across entity types are: * The business structure’s flexibility * Protection of the liability * The time and cost of organizing the entity Significant non-tax issues or concerns that may differ across entity types are: * Lowering of self-employment and FICA taxes * Flexibility of special allocations * Adding new owners b) My recommendation for forming CCS is LLC. I chose LLC because the organizing business members may reduce their individual
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Permaculture as a Basis for a Sustainable Future “Permaculture” is a word created by its founder‚ Bill Mollison and is a fusion of “permanent agriculture.” According to the International Labor Office‚ agriculture is any type of activity that involves the production and marketing of crops and animals. Agriculture does not follow a set of principles nor does it follow a set of ethics and is therefore ineffective when it comes to the advancement of society. Although agriculture has been an effective
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