Answer: The answer is explained below.
Explanation:
Physical asset valuation is the process used to determine the fair market value of an asset. Research and development is the process whereby a company works in order to obtain new knowledge that will be used to create new technology, services, products, or systems.
Due to the different accounting practices which are accepted by different countries, companies has to consolidate their accounting into a standard. But in a situation whereby a foreign accounting procedure is translated to an accepted and followed standard, this might lead to valuation discrepancies. Therefore, an asset valued at certain amount may fall in value due to the foreign accounting standard used when compared to local accounting standards.
The same follows with the Research and Development cost as there is currency valuations involved and the gap in values of the currencies of the two nations can lead to differences in the the total cost of the project.
Answer:
The cash received by ABC company from the issuing of stock is $15,000.
Explanation:
It is given that ABC company issued 3000 shares of stock for $5 per share.
The cash received by ABC company from the issuing 3000 shares of stock is
It is also given that ABC company issued 5000 shares for land valued at $10,000. It means ABC company received land instead of cash. So, total cash received by ABC company from the issuing of stock is $15000
Therefore, the cash received by ABC company from the issuing of stock is $15,000.
Answer:
“and get rich” I believe that’s the answer
Explanation:
Answer:
1. Tax avoidance
2.Tax avoidance
3.Tax evasion
Explanation:
Tax avoidance refers to a legal way of reducing one's tax liability through lawful deductions. Ways to reduce tax liabilities are; capitalizing on tax advantage retirement accounts, liasing with tax advisor on the legal way for tax avoidance. Tax avoidance is however legal.
Examples of tax avoidance are;
1. Andrea keeps a record of all her business related expenses.
2. Daniel claims the amount of interest paid for his mortgage as tax deductions.
Tax evasion is a deliberate attempt by a tax payer to avoid payment of tax liability. It is a fraudulent action by a tax payer to wilfully evade tax in an illegal manner. In tax evasion, income is concealed to tax authorities inorder to evade tax payment which is a criminal offence. It is to be noted that tax evasion is illegal in the eye of the law.
Example of tax evasion is ;
3. Christian did not report the tips he earned on his tax return.
