You are not alone ... I've been sick this last week and haven't done a great deal of study. I'm in the middle of reviewing your assignment and so far so good. Thank you for your comments and feedback on what little I had done. Martin took a look at my spreadsheet and I asked him for some assistance on the tax part and all he said was use the 30% for Australian tax as it was an Australian company. I didn't find that very helpful at all as I already knew that but my company didn't pay any tax as they had a loss. Will send more feedback once I've finished reviewing your spreadsheets. Liz ...
Thanks Liz! Yea I was wondering about the fact our companies ran at a loss, I knew they didn't pay tax but did they get tax benefit because of borrowing. I assumed they did. I think restating the income statement was the hardest and I am still not really 100% sure about it. Let us know if you need any more help. x Alex
You are not alone ... I've been sick this last week and haven't done a great deal of study. I'm in the middle of reviewing your assignment and so far so good. Thank you for your comments and feedback on what little I had done.
ReplyDeleteMartin took a look at my spreadsheet and I asked him for some assistance on the tax part and all he said was use the 30% for Australian tax as it was an Australian company. I didn't find that very helpful at all as I already knew that but my company didn't pay any tax as they had a loss.
Will send more feedback once I've finished reviewing your spreadsheets.
Liz ...
Thanks Liz!
ReplyDeleteYea I was wondering about the fact our companies ran at a loss, I knew they didn't pay tax but did they get tax benefit because of borrowing. I assumed they did. I think restating the income statement was the hardest and I am still not really 100% sure about it. Let us know if you need any more help.
x Alex