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Not long ago, the advent of the highly publicized Tax Cuts and Jobs Act (TCJA) enacted some sweeping changes. If you're not very familiar with the key aspects of the TCJA legislation, prior to posting your comments be sure to first do a bit of research on the key changes that were instituted. What are your personal perspectives on this recent legislation? Do you believe there should be further subsequent reforms to our nation's current federal taxation laws? In addressing this question, consider and discuss any of the following points.
Question (1) Do you believe the current tax system is fair to all taxpayers? Why, or why not?
Question (2) Do you believe the current tax system is too complex? If so, how might it be simplified?
Question (3) Do you believe the current tax system is too expensive to administer?
Question (4) Do you believe the current tax system is effective at raising adequate revenue while not adversely impacting business and personal financial decisions?
Question (5) To what extent would you personally support a change to our nation's current tax system?
Financial Statement Analysis and Preparation
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An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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