Taxed market forces are destroying the industries
Answer:
2) Matching
Explanation:
The matching principle refers to that principle at which the revenues that are recognized in the particular year should be matched with the expenses that are incurred in that particular year
According to the given scenario, it talks about the matching principle at which the expenses are to be reported when the related revenue is recognized
Therefore, it follows the matching principle.
Solution:
a-1) Calculation of the number of shares used for calculating Basic Earning per share
No. of shares period
752000 3/12 188000
1314000 9/12 985500
Weighted average No of shares outstanding 1173500
a-2) Calculation of the number of shares used for calculating Diluted Earning per share
No. of shares period
752000 3/12 188000 1314000 3/12 328500 with Bonds 1340400 6/12 670200
Weighted average No of shares outstanding 1186700
Each bonds to per converted into 44 common stock
i.e. 600 Bonds *44 common=26400 Potential equity shares
b-1) Calculation of earning figures to be used for calculating Basic Earning per share
After Tax net Income will be earnings = $1614000
b-2) Calculation of earning figures to be used for calculating Diluted Earning per share
After tax net Income 1614000
Interest for the 2017 =600000*7*6/12 21000
Tax effect on Interest @40% 8400 12600 1626600
Earnings = 1626600
Answer:
4) recorded as a reduction of the cost of the land.
Explanation:
When you are calculating the cost of any land purchased, you must start with the purchase price and add all the expenditures necessary for getting the land ready, e.g. legal fees, taxes, real estate commissions, land grading, clearing the trees, etc., and subtract any revenue obtained, e.g. from the sale of salvaged materials or timber.
total cost of land = purchase price + (fees, commissions, grading, clearance expenses, taxes, etc.) - revenue (salvaged materials, scrap, timber, etc.)
In building a sustainable economy, there are three-step process that should be followed :
First , Shift towards a new business model that generate a shared value
Second, Create Assets' ownership structures
Third, involves indicators that indicate progress, such as social and health indicators
