(3-a) Times interest earned. (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 3A Required 3B Times interest earned. Times Interest Earned Choose Numerator: Choose Denominator: Times Interest Earned %3D Times interest earned Current Year: times %3D 1 Year Ago: times %3D Required 3A Required 3B

Q: What is the title of Section 152?

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A:

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Q: 31.25 25.0

A: EPS=Earnings per share =0.36+0.42+0.39+0.43=1.60 Price Of shares =P P/E=Price/EPS

Q: Question 8

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Q: When a liability is paid, which account should be credited? A, Cash B.Accounts payable

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A: A contingent liability is a potential future liability, such as pending lawsuits or product…

Q: E14.3 (b)

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A: Liability can be defined as the amount owed by the firm to external parties. It is a payable amount…

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Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.