The government assesses whether YAG meets the criteria to claim the government grant and be tax exempted based on annual audited financial statements and YAG has recently negotiated two new grants from this grantor. In addition, YAG’s main sources of income include donations, visitor fees, membership subscriptions,
Why do corporations distribute constructive dividends? What are the motives behind distributing other form of payments to shareholders other than distributing regular dividends? “Tax savings” is the answer to the above questions. Dividends are subject to “double taxation” where the distributions are taxed at both the corporate and individual taxpayer (shareholder) level. By
ACC 290 Complete Course Material Week 1-5 To Purchase this Tutorial Copy And Paste Below Link In Your Browser http://www.homework-bank.com/downloads/acc-290-complete-course-material-week-1-5-2/ ACC 290 Complete Course Material Week 1-5 ACC 290 Week 1 DQ 1 Week One – DQ #1 What are the four basic financial statements? What is the primary purpose of each of the four basic financial statements? In your opinion, which financial statement is the most important? Explain why. How would the financial statements be useful to managers and employees?
Normally, a reconciliation is required between the proprietary fund financial statements and the business-type activities column in the government-wide financial statements. C. Statements include the Statement of Net Assets (Balance Sheet); Statement of Revenues, Expenses and Changes in Fund Net Assets: and Statement of Cash Flows. D. The Statement of Cash Flows may be prepared using either the direct or indirect methods. 7. Which of the following choices regarding the fiduciary fund financial statements is true?
c. Suppose government imposes a tax equal to the marginal external cost. What is the equilibrium price paid by consumers and the equilibrium quantity after implementation of the tax? d. At the output level in part (c), how much is the tax? e. How much tax revenue does government collect? f. What is the deadweight loss borne by society if the externality is left uncorrected?
What additional alternative audit procedures do you believe the Hanauer auditors should have applied to those accounts that the client did not want confirmed? 4. Define a material audit scope limitation in general terms. Do you agree with the SEC that Hanauer’s management imposed a material scope limitation on its annual audits? 5.
If you have not yet clarified your basic assumptions: how about listing them now? (What assumptions underlie your stated aim?) What are you taking for granted about the need or the purpose? What do you assume is impossible? What do you assume are the givens?
In particular, is Midland’s choice of market risk premium appropriate, and if not, what recommendations would you make and why? 3. Should Midland use a single corporate hurdle rate (i.e. a firm-wide WACC) for evaluating investment opportunities in all of its divisions? Why or why not?
Are there any cost advantages? Is there any protection by the Government? Supplier Power How many suppliers are there? Are these large suppliers or small? Are there unique/customized services?
This study aimed to see whether the accounting system can function as part of the control system in a company. 3. Very large US financial institution: Organiztional culture and zero based budgeting as control mechanism. This study aimed to test whether a budget is a control system or a component of the overall control system in a company. Conclusion The need for a different orientation of the role that accounting and budgeting play in the control process as well as a broader concept of control it self.