Liqi wang Accounting Income tax Both Amgen and Gilead are fully disclosed the income tax information according to GAAP requirements. Both companies recorded income tax in financial statement such as income statement and specified the detailed components of income taxes. Amgen recorded income tax based on pretax income‚ applicable tax rate and tax planning opportunities available in various jurisdictions. Gilead’s income provision was computed under liability method. Both
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Introduction In order to determine the content of calcium and magnesium in an unknown sample of limestone‚ the utilization of atomic absorption spectrophotometry can help in deciphering the unknown concentrations of each molecule in the limestone sample. Atomic absorption spectrophotometry‚ emits radiation of the correct frequency that is passed through a flame and the intensity of the transmitted radiation is measured¹.The calcium concentration or ppm can be measured using the absorbance of the
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There are different ways in how two income statements are prepared. For example: the income statement (also known as P&L) of a merchandising company consists of Revenue‚ Expenses (related to the sales volume through the Cost of Goods Sold (COGS) and General & Administrative Expense (G&SA)‚ which all result in Net Income. The income statement of a Service company consists of Service Revenue minus any Expenses related to that service‚ which results in Net Income. Another way to look at it is that
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behave in completely different ways. Men are often scrutinized for being too aggressive‚ violent and only wanting sex. Women‚ on the other hand‚ are often criticized for being too bossy‚ fussy and only wanting commitment in a relationship. The differences in the way males and females behave can be accounted for through both nature and nurture aspects. In regard to behavior‚ men and women are expected to play standard roles in life. Men are expected to earn the money for the family‚ bring home the
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question is of equal value. (36 Marks) a) What is the difference between positive and normative statements in economics? Provide an example of each. Normative statements are subjective‚ often without a basis in fact or without evidence‚ the statements involve judgments about what should or ought to happen. Positive economics involves statements about economic reality‚ which can be supported or rejected based on facts. Positive statements don’t have to be true‚ but arguable. A minimum wage
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PSY1011 ESSAY COVER SHEET Essay Title: What are the main differences between trait and psychodynamic theories of personality? Student Name: Amna Saleh Student Number: M00374478 Word Count (Excluding Title and Reference Section): 832 Personality‚ in a human being‚ is a collection of psychological traits and mechanisms that tend to influence a person’s interactions and changes to social‚ psychological and physical environment which surrounds them (Lee‚ 2012). Personality is a factor
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5 – BALANCE SHEET AND INCOME STATEMENT -Identify the different financial statements (BS*‚ IS‚ Statement of Stockholders’ Equity‚ and related notes) -Identify the different components of the BS (Assets: current and long term; Liabilities: current and long term; stockholders’ equity: preferred stock‚ common stock‚ PIC‚ treasury stock) -Identify the different component of the IS (Gross profit‚ earnings before interest and taxes‚ interest expense‚ income tax expense‚ income from continuing operations
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“In Greece the banks didn’t sink the country. The country sank the banks”. Discuss this view. Which are the main differences between the Greek crisis and the crisis in Ireland and Portugal? The Greek crisis is basically a result of the inability of the government to balance the tax income with the public spending‚ to control effectively its expenditure and to enforce its tax collecting policies. The country has shown significant fiscal imbalances and at the same time‚ high levels of corruption
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TUI University Variable and Fixed Cost Module 1 Case Dr. Li-Lin Liu Pa April 22‚ 2012 Part I: Use the background material and Internet to answer the questions below. Discuss and analyze the difference between managerial and financial accounting. Pay particular attention to: * How is managerial accounting different from financial accounting? Comment on the different needs and use of financial information for internal purposes. * The managerial accounting profession and its role
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Tax Investigation must be clearly separate from Tax Audit. Tax Investigation is an inspection of the tax payers business or individual books‚ records or document in order to ensure the tax payer had reported the correct amount of income and tax that need to pay in accordance with tax laws and provisions. Tax investigation will be carried on by surprise which also known as back duty case. It was conducted on behalf of owner and outsiders like investors. When there is suspected based on detailed and
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