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A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization to collectively support government spending, public expenditures, or as a way to regulate and reduce negative externalities. [1] Tax compliance refers to policy actions and individual behaviour ...
A fiscal year (also known as a financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many jurisdictions require company financial reports to be prepared and published on an annual ...
A financial audit is conducted to provide an opinion whether "financial statements" (the information is verified to the extent of reasonable assurance granted) are stated in accordance with specified criteria. Normally, the criteria are international accounting standards, although auditors may conduct audits of financial statements prepared ...
The purpose of the income statement is to show managers and investors whether the company made money (profit) or lost money (loss) during the period being reported. An income statement represents a period of time (as does the cash flow statement). This contrasts with the balance sheet, which represents a single moment in time.
Deoxyribonucleic acid (/ d iː ˈ ɒ k s ɪ ˌ r aɪ b oʊ nj uː ˌ k l iː ɪ k,-ˌ k l eɪ-/ ⓘ; [1] DNA) is a polymer composed of two polynucleotide chains that coil around each other to form a double helix.
Capitalism is characterized by private ownership of the factors of production. Decision making is decentralized and rests with the owners of the factors of production. Their decision making is coordinated by the market, which provides the necessary information. Material incentives are used to motivate participants.
International Business Machines Corporation. International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, [6] is an American multinational technology company headquartered in Armonk, New York and present in over 175 countries. [7][8] IBM is the largest industrial research organization in the world, with 19 research ...
In the west, it borders North Ossetia and Ingushetia, in the north, Stavropol Krai, in the east, Dagestan, and to the south, Georgia. Its capital is Grozny. Chechnya is well known for being mountainous, but it is in fact split between the more flat areas north of the Terek, and the highlands south of the Terek.