(ii) Any increase or decrease in the group’s budgeted corporation tax liability for the year ending 30 June
2008 due to the restructuring on the assumption that trading losses will be used as efficiently as
possible. (8 marks)
In general, attempts to smooth out period to period resources will _____ the scheduled time and _____ project costs.A.Increase, decrease.B.Increase, increaseC.Increase, increase or decrease.D.Decrease, decrease.E.Decrease, increase.
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Management reserves are normally defined as a % of the total budget. As a project progresses, the project manager wants the $ value of management reserve to _____, whereas the customer wants the management reserve to _____.A . Increase, increase.B . Increase, decrease.C . Decrease, decrease.D . Decrease, increase.E . Remain the same, return to customer.
185 In general, attempts to smooth out period to period resources will _____ the scheduled time and _____ project costs.A. Increase, decrease.B. Increase, increaseC. Increase, increase or decrease.D. Decrease, decrease.E. Decrease, increase
6 Management reserves are normally defined as a % of the total budget. As a project progresses, the project manager wants the $ value of management reserve to _____, whereas the customer wants the management reserve to _____.A. Increase, increase.B. Increase, decrease.C. Decrease, decrease.D. Decrease, increase.E. Remain the same, return to customer
67 In general, attempts to smooth out period to period resources will _____ the scheduled time and _____ project costs.A. Increase, decrease.B. Increase, increaseC. Increase, increase or decrease.D. Decrease, decrease.E. Decrease, increase
88 Management reserves are normally defined as a % of the total budget. As a project progresses, the project manager wants the $ value of management reserve to _____, whereas the customer wants the management reserve to _____.A. Increase, increase.B. Increase, decrease.C. Decrease, decrease.D. Decrease, increase.E. Remain the same, return to customer
(ii) Assuming the relief in (i) is available, advise Sharon on the maximum amount of cash she could receiveon incorporation, without triggering a capital gains tax (CGT) liability. (3 marks)
