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Q. What do you mean by Arbitration?
Ans: Arbitration is a device for setting up difference between the Railway Administration and contractor by intervention of third person without the help of Court of Laws. Under the procedure the contractor may call for arbitration after 90 days of his presentation of final claim on disputed matter. There would be two Arbitration and also umpire over them. Arbitrators are appointed by General Manager.
L has business assets worth $6,000,000, NOL carryovers of $1,000,000 expiring in 14 years, and NOL carryovers of $1,400,000 expiring in 15 years. 100% of L’s stock is worth $8,000
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During February, 2010, Jacob's Jewels sells a broach for $428,000. The cost to the business of this necklace as $212,000, resulting in a gross profit of $216,000. The $428,000 sale
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Thomas Crown expects to earn the following stream of annual income for the next four years:- $41,000; $45,000; $38,000 and $50,000. Although he has adopted the ‘Pay Yourself Firs
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The following items caused the only differences between pretax financial income and taxable income. • In 2013, the company collected $90,000 of rent; of this amount, $30,000 was ea
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