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Is it possible for a company with a positive net income and which does not distribute dividends to find itself in suspension of payments?
Yes. A lot of companies which entered into suspension of payments shown a positive net income during the past years. There are a lot of companies with positive profits that do not have money.
Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had $2.0 million of interest expense, and its corporate tax rate was 40%. What was i
Examine about the Risk-based auditing A risk based audit will be reviewing the risk management process and considering main risks of the organisation as a whole. Risk manage
This is the part of after-tax personal income that is not spent.
Big Joe's is changing a piece of equipment. The equipment will cost $5,000 and has a 5 year life. The equipment can be leased for annual payment of $1,295 paid at the starting of
Discuss about the Materiality An item can be considered material if its omission would reasonably influence the decisions of an addressee of report, a misstatement is material
Q. What do you mean by Letter of Credit? A letter of credit is an arrangement whereby a bank helps its customer to obtain credit from its (customer's) suppliers. When a bank op
At the end of March, 20X6 the balances in the several accounts of Nitin & Company are as follows:
Provide three examples of mutually exclusive projects. Mutually exclusive projects are projects which participate against each other for our selection. If a organization and fir
SOURCES OF ISLAMIC FINANCE
In indexed bonds, the principal and coupon payments are linked to the market index like inflation and price index. Index bonds are attractive to investors
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