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Project Report on Corporate Accounting - Atlas Iron Limited

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Added on  2020-05-28

Project Report on Corporate Accounting - Atlas Iron Limited

   Added on 2020-05-28

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Running Head: Corporate Accounting 1Project Report: Corporate Accounting
Project Report on Corporate Accounting - Atlas Iron Limited_1
Corporate Accounting 2Introduction.......................................................................................................................3Que 1.................................................................................................................................3Que 2.................................................................................................................................3Que 3.................................................................................................................................4Que 4.................................................................................................................................5Que 5.................................................................................................................................6Que 6.................................................................................................................................7Que 7.................................................................................................................................7References.........................................................................................................................8
Project Report on Corporate Accounting - Atlas Iron Limited_2
Corporate Accounting 3Introduction:For this report, annual report of Atlas Iron Limited has been analyzed to evaluate the company’s liability of tax and its annual payment to the government. Que 1:Annual report of Atlas Iron limited has been evaluated and it has been found that the equity of the company has been divided into 3 parts which are as follow:Share capitalReserves Accumulated losses(Atlas Iron limited, 2018)Share capital is the total amount which is raised by the company through exchanging its stock against the money in the stock exchange market. It reflects about the paid up capital of the company and other assets which had been given to the stakeholders of the company against the stock of the company. It has been found through the annual report of Atlas Iron limited that equity capital of the company has been raised by 19.5% from 2016 in 2017. The current equity capital of the company is $ 3, 22,248 which used to be $ 2,69,666 in 2016. Further, it has been found that the reserves of the company have been lower in 2017 by 2.89% (Yang et al, 2015). Moreover, the accumulated losses of the company have been lowerand the share capital has been enhanced. Equity (Amount in dollar) ($)20172016ChangesShare capital $ 22,03,203 $ 21,97,388 0.26%Reserve $ 40,816 $ 42,030 -2.89%Accumulated Losses $ -19,21,771 $ -19,69,752 -2.44%Total equity $ 3,22,248 $ 2,69,666 19.50%Que 2:
Project Report on Corporate Accounting - Atlas Iron Limited_3

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