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What is the purpose of a 1040 form?
The purpose of a 1040 form is to report an individual's income, deductions, and tax liability to the Internal Revenue Service (IRS) for the purpose of filing their federal income tax return.
Purpose of modern corporation?
To maximize profit. By U.S. law a corporation must do what it thinks will increase revenue and stock holders return.
Definition of incremental revenue?
Incremental Revenue is the increase of revenue between a new revenue and a previous revenue, thus the formula: Incremental Revenue = New Revenue - Previous Revenue
What is the difference between general reserve and revenue reserve?
A reserve which is created out of the revenue profit is called revenue reserve. Revenue profit is earned in the normal course of the business. Revenue reserve refers to the undistributed revenue profit. It is created for strengthening the financial position, replacing deprecialble assets, redeeming liabilities, declaring uniform rate of dividend and conducting research and development functions. If the reserve is not needed in the future, it can be distributed as dividend to the shareholders.There are two types of revenue reserve:a) General ReserveA reserve which is created out of the profit not for a specific purpose is known as general reserve.General reserve is used for general purpose as per the discretion of the management. Usually, general reserve is used for strengthening the financial position and meeting future contingencies and losses.b) Specific ReserveA reserve which is created out of the profit for a particular purpose is known as specific reserve. Such reserve can not be utilized for any purpose other than specified. Specific reserve is created by debiting the profit and loss appropriation account. It can be invested in outside securities. It serves for a specific purpose as to equalize dividend or to redeem a fixed liability or to replace a fixed assets or to conduct a research and development work.The following are the important types of specific reserve:* Dividend equalization fund* Sinking fund* Research and development fund
What is the purpose of fidelity money market funds?
The purpose of a Fidelity money market fund is to generate revenue. The funds in a Fidelity money market fund are not guaranteed or insured. It is a type of fund that is very liquid, money is usually available by the next day.
What is a purpose of a revenue?
The purpose of a revenue tariff is to earn money for the govrnment.
Who was most affected by the townshend acts?
The Townshend Acts were passed by Parliament to tax the British colonies in America. The purpose of the tax was to raise revenue in the colonies to pay for the governor's and judge's salaries. The taxes most affected the colonists in America who had to pay the taxes.
What is the purpose of sales department?
Revenue Generation
What was the purpose of Nixon's revenue sharing proposal?
No
This department acts as the in-court attorney for the Revenue Service?
Department of Justice
Which department acts at the in-court attorney for the internal revenue service?
justice
What Roosevelt's acts made an attempt to redistribute wealth?
It was the Revenue Act
The Townshend Acts consisted of which of the following?
the revenue act and the indemnity act
How did state started?
By Acts of Congress based on revenue department rulings.
What was the purpose of the neutrality acts?
The purpose of the Neutrality Acts was to prevent the United States from being involved in a foreign wars
What is Canada Revenue's purpose?
Canada's Revenue's purpose is to deal with the financial matters of Canadian and non Canadian residents living in Canada. This includes business and personal taxes, and charities.
How did city states start?
By Acts of Congress based on revenue department rulings.
