(b)ComputethecorporationtaxliabilityofCl
(b)Compute the corporation tax liability ofClouds Ltd for the years 2008 and 2009 making maximum use of all available loss reliefs at the earliest opportunity. Your answer should include a loss table showing the order of allocation of losses and any unused losses to be carried forwarD、(9 marks)
InrelationtotheLawonEnterprises:(b)Expla
In relation to the Law onEnterprises: (b)Explain the conditions in respect of the issuance of business registration certificates. (4 marks)
Inrelationtocontractlaw:(a)Explainthepro
In relation to contract law: (a)Explain the provisions of theCivilCode in respect of the time of conclusion of an agreement to enter into a legally binding relationship. (4 marks)
(c)Statetheconditionsunderwhichemergency
(c) State the conditions under which emergency tax is applied in the PAYE、system. (2 marks)
Inrelationtoemploymentlawandthedismissal
In relation to employment law and the dismissal of employees explain: (a) the grounds upon which dismissal may be fair; (5 marks)
Liyanda,whois65yearsold,hasjustretiredfr
Liyanda, who is 65 years old, has just retired from his employment with a pension and a lump sum payment of P200,000·00. He is keen to invest his money, but has absolutely no knowledge of business or investment. He does not wish any great risk to be involved in his investment and he also would like to have ready access to cash if the need arises.Required: (a)Explain the meaning, and suitability for Liyanda, of the following:(i) ordinary shares;(ii) preference shares;(iii) debentures secured by a fl oating charge;(iv) debentures secured by a fi xed charge. (6 marks)