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The Latest Annual Report of Adslot Limited

   

Added on  2020-05-28

8 Pages1478 Words289 Views
Running head: CORPORATE ACCOUNTINGCorporate AccountingName of the StudentName of the UniversityAuthor’s Note
The Latest Annual Report of Adslot Limited_1
1CORPORATE ACCOUNTINGTable of ContentsAnswer to Question 1......................................................................................................................1Answer to Question 2......................................................................................................................1Answer to Question 3......................................................................................................................2Answer to Question 4......................................................................................................................2Answer to Question 5......................................................................................................................3Answer to Question 6......................................................................................................................3Answer to Question 7......................................................................................................................4References........................................................................................................................................5
The Latest Annual Report of Adslot Limited_2
2CORPORATE ACCOUNTINGAnswer to Question 1According to the latest annual report of Adslot Limited, there are three major items ofequity for the company; they are Issued Capital, Reserves and Accumulates Losses. Issuedcapital is the equity shares that Adslot Limitedused to raise capital. Rise in issued capital can beseen in 2017 from 2016 that is $ 137,949,047 in 2017 and $ 120,693,650 in 2016 (adslot.com2018). Reserves refer to the extra amount of money shareholders pay in excess of the par valueof the shares (Brigham and Houston 2012). There is a decrease in reserves for Adslot Limited in2017 as compared to 2016; that is $389,929 in 2017 and $404,736 in 2016. Accumulated loss isthe negative retained earnings due to the extra payment of dividends. The annual report of AdslotLimited states that Adslot Limited witnessed more accumulated losses in 2017 as compared to2016; that is $(98,109,46) in 2017 and $(89,478,859) in 2016 (adslot.com 2018).Answer to Question 2Like other business expenses, Income Tax Expenses is considered as a major expenditurefor businesses. However, in case companies have net loss before tax, they can obtain theadvantage of tax benefits, as the companies do not provide tax on net loss. Adslot Limited hasloss before income tax of $8,600,201 in 2017 and $8,116,346 in 2016. The income tax rate of thecompany for 2017 was 27.5% and the rate was 30% in 2016. In this tax rates, Adslot Limited hadtax benefits of $2,365,055 in 2017 and $2,434,904 in 2016. However, it needs to be mentionedthat the company has several tax reconciliation on the calculated tax expenses, Adslot Limitedhad final tax expenditures of $29,986 in the year 2017 and $22,139 in the year 2016 (adslot.com2018).
The Latest Annual Report of Adslot Limited_3

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