Comprehensive Income Tax Course: Module 2 Final Exam 1. Fred prepared his own tax return last year. This year Fred decided to have his tax return prepared by a professional. During the interview process Fred’s tax preparer realized Fred needs to repay the education credit he took for his son last year. For which of the following reasons would a taxpayer be required to repay an education credit? a) Taxpayer received a refund of personal living expenses b) Taxpayer received tax-free educational
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THE CORPORATION CODE OF THE PHILIPPINES [Batas Pambansa Blg. 68] TITLE I GENERAL PROVISIONS Definitions and Classifications Section 1. Title of the Code. - This Code shall be known as "The Corporation Code of the Philippines". Sec. 2. Corporation defined. - A corporation is an artificial being created by operation of law‚ having the right of succession and the powers‚ attributes and properties expressly authorized by law or incident to its existence. Sec. 3. Classes of corporations. -
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Questions 1. Identify all the accounting policy changes and the accounting estimates that Harnischfeger made during 1984. Estimate‚ as accurately as possible‚ the effect of these on the company´s 1984 reported profits. 2. What do you think are the motives of Harnischfeger´s management in making the changes in its financial reporting policies? Do you think investors will see through these changes? Answers 1. Identify all the accounting policy changes and the accounting estimates that
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1. Masters must decide whether to approve a market test of the new products to a limited cross-section of drug and food-and-drug stores. The estimated cost of the test is $30‚000‚ along with a $10‚000 supplier set-up charge. A 20‚000 unit minimum order for each package size is also required. Estimated total cost of the test market is as follows: $30‚000 Test Market cost + 10‚000 Set-up cost + 5‚800 10 oz can Production cost + 4‚800 5 ½ oz can Production cost $40‚600 Total test Market
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There are many studies which have shown the association between cataract and UV radiation exposure. Cataract and Age related macular degeneration are the causes for blinding disorder and studies have shown its association with UV Exposure. Wavelengths at 300 nm with energy of 0.5 to 12.6 J/cm2. Photoretinitis is caused by wavelengths of 320 to 400 nm. Cataracts are shown to be formed from 0.5 to 12.6 J/cm2 causes
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not justify making the IFC’s largest investment yet. Summary of facts The Mozal project‚ a $1.4b aluminum smelter in Mozambique‚ is a joint venture between Alusaf‚ the aluminum subsidiary of the Gencor group‚ and the Industrial Development Corporation (IDC) of South-Africa‚ a government owned development bank. Mozambique is one of the poorest countries in the world and only recently emerged from a 17-year civil war that had destroyed the country’s infrastructure. Both parties would each own 25%
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and Valuation of Olin Corporation (OLN) By Elizabeth Demmon Submitted on December 13‚ 2011 SUMMARY 1 BACKGROUND 1 Industry and company 1 Chlor Alkali 1 Winchester 2 Management and Ownership 3 Recent developments 3 FINANCIAL ANALYSIS 3 Discussion of financial statements 3 Discussion of financial ratios 4 OUTLOOK AND FORECAST 4 Economy 4 Industry 5 Company 5 Investment thesis 5 Important value drivers 5 Risks‚ caveats‚ and exposures 6 VALUATION 7 Summary
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R esearch Report PP06214‚ version 3 June 2011 The mortality of workers with occupational lead exposure: A research proposal John W Cherrie Damien McElvenny Martie van Tongeren OUR IMPACT ON THE ENVIRONMENT At IOM we seek to minimise our environmental impact. We produce thousands of reports every year and these consume a large quantity of paper. To minimise our impact on the environment‚ we prefer to only provide an electronic copy of reports‚ although we can provide a paper copy on
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1301 | Cause and Effect Essey | The effects of sun exposure on the human body. | shanatorres 11/23/2012 | Every hour at least one American will die of skin cancer caused by exposure to the sun. These statistics are alarming and most people are unaware that the sunshine that we all love so much is in fact a threat to our health and good looks. It is up to us to educate ourselves and our children on the harmful effects of sun exposure on the human body like premature aging‚ physical damage
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for the company ’s legal position. The statement points many situations in Corporations Act (“CA”) listed can lift the veil of corporate‚ which is true. Under s588G the directors will breach the duty by failing prevent the company incurring debts when the company is suspected insolvent. And s588FB is aimed to preventing insolvent companies from disposing of assets prior to liquidation through uncommercial transactions. And also corporate veil can be lifted if company provide the financial assistance
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