collection of the overdue receivables. It proposes to create a provision for doubtful debts Rs. 3 lacs VAT fully deposited 8. Interest on Term Loan paid on 31 March 2013 9. Stock in trade Rs. 80 lacs 10. Loans given to employees Rs. 10 lacs 11. Advance to suppliers Rs. 5 lacs 12. Advance from customers Rs. 3 lacs 13. Advance tax Rs. 150 lacs 14. Provision for tax – 30% basic tax ‚ 5% surcharge on tax and 3% education cess Income tax law does not allow to charge provision for doubtful
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Table 8a: Model Summary (VEQ‚ EPS & BVPS) Dependent Variable: Value of Equity (VEQ) Observation included: 1050 Variable Coefficient Std. Error t-Statistic Prob. C 20.505 3.132 6.547 0.000 Earnings per Share (EPS) 0.279 0.017 16.606 0.000 Book Value per Share(BVPS) -0.011 0.032 -0.336 0.737 R-squared 0.209 Mean dependent var 39.9561 Adjusted R-squared 0.207 S.D. dependent var 47.82308 S.E. of regression 93.15136 Sum squared resid 8677.176 F-statistic 138.243 Df 2/1047 Source:
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alicante How to win outside the soccesfield Content The absolute goal of Ciclón de Alicante is to become a major soccer club in Spain. But how? The stadium • Q: What is the impact of the sale of the stadium transaction on Ciclón’s 2003 Income Statement and Statement of Cash Flows (under the Indirect Method)‚ and on its Balance Sheet for the year ended on December 31th‚ 2003? Items to be addressed cash payment of $ 100 million cost of building the new stadium was $ 20 million market value of the land
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Note: Income Statement Format Hanna 2004-08-03 Income Statement Presentation The objective of studying the format and presentation of the income statement is to gain an understanding of the different ways that certain economic events can be presented. Sometimes‚ the type of presentation depends upon management’s intent regarding the future. Needless to say‚ there is a lot of room for the application of judgment when choosing amongst various acceptable income statement formats. Interpreting
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Earnings per Share In its simplest form: EARNINGS or (Net Income available to Common Shareholders) # Of SHARES (Weighted average number of Common shares outstanding) THE NUMERATOR If a company has senior shares (usually preferred shares) in addition to common shares‚ not all of the net income is available to be paid out to common shareholders. If there are senior shares‚ the numerator is reduced by: 1. The current year’s dividend declared
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When should the milestone payments received to date by SolvGen be recognized as revenue? A: FASB codification (605-28) milestone method SolvGen Inc. is gonging to use the milestone method to recognize the revenue. The milestone method is a recently issued method of recognizing revenue for research and development arrangements under which consideration to be received by the vendor is contingent upon the achievement of certain milestones(FASB codification (605-28) milestone method). Under
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looming threat‚ and some counter that threat with a concept called Universal Basic Income‚ or UBI. UBI aims to provide a source of livable income to those who generally cannot work. In relation to automation‚ UBI would cover costs that low-skill workers (now automated) depended on. But is UBI a step in the right direction? Most see too many variables to attempt reaching an answer. For all intents and purposes‚ Universal Basic Income will
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BUS 411 Assignment 5 (LAST ONE) Due March 19 @ 12:35 PM PERFORMING AN EPS/EBIT ANALYSIS FOR MCDONALD’S PURPOSE: An EPS/EBIT analysis is one of the most widely used techniques for determining the extent that debt and/or stock should be used to finance strategies to be implemented. This exercise can give you practice performing EPS/EBIT analysis. INSTRUCTIONS: Let’s say McDonald’s needs to raise $1.1 billion to expand into Africa. Determine whether McDonald’s should have used all debt‚ all-stock
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Departmental Income Statement A Departmental Income Statement shows each departments contribution margin and net income from operating‚ after all expenses are allocated for. The Departmental Income Statement shows which departments of the company are the most profitable‚ and which departments are costing the company money. The Departmental Income Statement helps managers and owners evaluate and control the operations of each department. This is important for running a top quality company. The
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Balance Sheet and Income Statement Jennifer Grayson BSA/500 June 4‚ 2011 Brian Keltch Balance Sheet and Income Statement The following four companies are related to the companies that have been in review over the last four weeks. These four following companies show how well the company has been doing over the last two years or not so well. The company has pulled their balance sheets and income statement to see if all the company’s financial needs are being met. If the company’s needs are
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