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What is a carrying amount?
Carrying amount is the amount at which an asset is recognised in the balance sheet after deducting any accumulated depreciatoin and accumulated impairment losses thereon
What is earning deficit?
In accounting, retained earnings refers to the portion of net income which is retained by the corporation rather than distributed to its owners as dividends. Similarly, if the corporation takes a loss, then that loss is retained and called variously retained losses, accumulated losses or accumulated deficit. Retained earnings and losses are cumulative from year to year with losses offsetting earnings.
What is retained earnings deficit?
In accounting, retained earnings refers to the portion of net income which is retained by the corporation rather than distributed to its owners as dividends. Similarly, if the corporation takes a loss, then that loss is retained and called variously retained losses, accumulated losses or accumulated deficit. Retained earnings and losses are cumulative from year to year with losses offsetting earnings.
What can generally not be a source of life insurance policy dividends?
Dividends are paid only by mutual insurance companies, not by stock insurance companies. All insurance companies are required by the state regulatory authorities where they do business to maintain statutory reserves to ensure that there is sufficient money on hand to pay expected losses. Therefore, dividends cannot be paid from reserves. Instead, they are generally paid by earnings on the investments made by the mutual insurer.
Could the Roman army be easily defeated?
They had their victories - and the had their losses - notably against Pyrrhus, Carthage and the Germanic tribes. Their biggest strength lay in their Italian allies who provided large manpower reserves which enabled Rome to bounce back after defeats.
What is accumulated loss?
A loss (or losses) from previous years carried forward in order to offset future earnings. This reduces the tax burden for the years with profit as the accummulated losses are deducted from the taxable profit-
Can you apply non-capital losses against dividend income?
No you cannot apply for non-capital losses against dividend income. Capital losses only offset capital gains up to 3K a year capital losses may be used against ordinary income.
What are the objectives of internal reconstruction?
1)To write-off accumulated losses.2) To show true and fair view of financial position of the comapny.
Can you subtract stock losses against ordinary income?
You must first take them against stock gains (of the same type, long or short) and you may take up to 3,000 a year losses against ordinary income after that. Any unused losses can be carried forward to the next year.
Did Muhammad ali have a fight record?
amateur record = 100 wins against 5 losses pro record = 56 wins (37 ko's) against 5 losses (1ko) 3 of those losses he avenged, and the last two were his last two fight.
Can stock losses be written off dollar for dollar agains capital gains?
Stock losses are capital losses. They can be taken against capital gains. (There are some matching rules - like long and short term, but generally yes). In fact, up to K a year of unused cpaital losses can be applied against ordinary income. Unused losses are alos able to be darried forward.
How many years can personal capital losses be carried forward?
until the losses have been used up against current income
