The last place on earth you would want to wake up alone is in the Australian Outback. Well, it became reality for one man after he claimed he was left for dead in the infamous desert with no clue of how he got there in the first place. On January 24,
The patterns of change and continuity in Australia at the time of federation influenced Australia to become its own nation through the creation of the Australian identity. At time of Federation, the majority of people living in the Australian colonies were Australian-born. Colonists were also starting to see themselves as Australian, not as British. This meant people wanted their own identity that didn’t link back to Britain. The way of life in Australia helped build the identity, which was shaped by its differences to the typical Britain life. This was affected by the native flora and fauna, the weather and activities, sports and hobbies. There was also a change in the styles of literature and art, becoming more specifically Australian. This contributed to the growing national identity. For example, the popular oil canvas painting named Near Heidelburg by Arthur Streeton (Source 4.41, page 196, Oxford Big Ideas Australian Curriculum History 9) depicts the grasslands of Australia, and shows how people dressed accordingly to the weather. The change of the crops grown in Australia due to the climate, impacted the lifestyle of the people living in the colonies. This is a different landscape to Britain’s, where most of the population had
The appellants view the “substance” of the transaction is over the “form”. Generally, taxpayers are bound by the form of their transaction and may not argue the substance triggers different tax consequences. The Tax Court found the form and substance of the transaction was a loan from the bank to VAFLA and not to the appellants. The proceeds were to be used in the operation of the business and petitioners were not free to dispose the loan. Nor were the payments reported as constructive dividends.
Module 2 – Assignment 3 Practice Case Examination Additional Information (Time Allowed: 4 hours) Notes: i) Candidates must not identify themselves in answering the question. ii) All answers must be written on official answer sheets or in official electronic files. Work done on the question paper or on the Backgrounder will NOT be marked. iii) Included in the examination envelope is a standard supplement consisting of formulae and tables that may be useful for answering the question. iv) Examination answer sheets MUST NOT BE REMOVED from the examination writing centre, except for the Instruction Sheet to Electronic Exam Writer, if applicable. All used and unused answer sheets, working papers, Backgrounder, They indicated that CIDA would be willing to contribute sufficient funds to FAC to cover 75% of operating costs and 90% of the capital costs for any projects
* Remote: The chance of the future event or events occurring is slight. As per ASC 450-20-25-2, entities should accrue an estimated loss from a loss contingency by a charge to expense and a liability recorded only if both of the following conditions are met:
Reading Wanna, J 2007, ‘Improving federalism: drivers of change, repair options and reform scenarios’, Australian Journal of Public Administration, vol. 66, no. 3, pp. 275 – 279. Purpose (What is the author’s aim? For example, is the piece descriptive or does it summarise the literature or introduce a new argument? Is
• Use technology and information resources to research issues in tax research and planning. • Write clearly and concisely about tax research and planning using proper writing mechanics. Course Home Work aims to provide quality study notes and tutorials to the students of ACC 563 Week 9 Assignment 3 Strayer Latest in order to ace their studies.
Form 4684 Casualties and Thefts ▶ OMB No. 1545-0177 Department of the Treasury Internal Revenue Service Name(s) shown on tax return Information about Form 4684 and its separate instructions is at www.irs.gov/form4684. ▶ Attach to your tax return. ▶ Use a separate Form 4684 for each casualty or theft. Attachment Sequence No. 26 Identifying number 2013 Howser Corporation SECTION A—Personal
CASE 09-3: Venturing into Consolidation Provided Case 09-3, we, Group 7 have dutifully researched the topic, using resources at our disposal to formulate a consistent, clear and legal response. The following submission outlines the case, our conclusions with supporting evidence and the accounting issues present in the subject.
When constructing the income statement we will have to address the gain on sale of corporate headquarters and the class action settlement. In accordance with ASC 225-20-45-4(d), " the sale or abandonment of property used in the business is being excluded from being presented as an extra-ordinary item" (FASB, 1973). However, when the gain or loss of a building is associated with the movement of corporate headquarters, we would use ACS 225-20-45-16 (Presentation of Unusual or Infrequently Occurring Items). This rule states that "a material event or transaction that is unusual in nature or occurs infrequently but not both, shall be reported as a separate component of income from continuing operations" (FASB, 1973). Rules ASC 225-20-45-4 & ASC 225-20-45-16 also address the presentation of the settlement received from the class action lawsuit. We must report the gain or loss from the class action lawsuit in other income (expense) section of the income statement. This section will follow the income and cost of goods sold sections, thereby "adding back" revenue to the gross profit to reveal a new gross profit. These transactions could be considered below the line entries and would follow indirect expenses (salaries, rent, etc.), but since those items are not present these entries will follow revenue and cost of goods sold.
With regards to commentary made in the State Inquiry, by CFO of News Australia Holdings Pty Ltd, Ms. Susan Panuccio, she conveys the proprietary nature
Australia is often described as an ancient continent due to its dated rocks and landscape. The Australian continent has had it present outline since some time between 150 and 50 Ma. (Wilford & Brown, in Hill, 1994, Chapter 2). Australia’s modern landscapes preserve much of their past history and origin, more so than in many other parts of the world due to low erosion rate. Factors contributing to the low erosion rate are relative tectonic stability, low relief, lack of Quaternary glaciation, low precipitation (national average yearly rainfall of 465 millimetres) and presence of high resistance rock. Not at all like Europe and North America, where a few scenes go back to around 20,000 years prior, when ice sheets withdrew, the period
The table illustrates changes in the number of travellers visited the six global monuments in Australia from 1996 to 2000.
A pro rata basis method (Buckley & Young Ltd v CIR , 1978) Cash value equivalent method (Buckley & Young Ltd v CIR , 1978) Non-monetary factors method (Buckley & Young Ltd v CIR , 1978) 2. Two features of incurred expenditure for income tax purposes The leading cases, CIR v Mitsubishi Motors Ltd [1995] and Commissioner of Taxation v James Flood Pty Ltd [1953] that reflect a taxpayer
TAXATION LAW INTERNAL ASSIGNMENT – II Case Analysis: R.S. Joshi, STO, Gujarat & Ors. Vs. Ajit Mills Ltd & Anr. Citation: AIR1977SC2279 Prof-in-charge: Prof Ashutosh Naik By- Swathi. A.P III BBA LLB ‘A’ Roll No. 23 Symbiosis Law School Ph: 7798627663 Name of the case: R.S. Joshi, STO, Gujarat & Ors. Vs. Ajit Mills Ltd & Anr. Citation: AIR 1977 SC 2279: (1977) 4 SCC 98: 1977 SCC (Tax) 536 Decided On: 31.08.1977 Bench: 7 Judge Bench consisting of the following Justices of the Supreme Court of India: Chief Justice M. Hameedullah Beg., Justice N. L. Untwalia, Justice P. N. Bhagwati, Justice P. S. Kailasam, Justice S. Murtaza Fazal Ali, Justice V. R. Krishna Iyer and Justice Y. V. Chandrachud.