This book contains 53 nineteenth century American legal cases in which courts discussed accounting issues. Some are well known: "Wood v. Drummer (1824)" was the foundation for the idea that capital could not be returned to shareholders and it was this restriction which made it necessary to distinguish between income and capital. The famous case of 1849, "Burnes v Pennell" is often cited as the source of the rule that dividends cannot be paid except from profits. However, many of the cases covered in this book are not well-known. It is often assumed that few American legal cases on...
This book contains 53 nineteenth century American legal cases in which courts discussed accounting issues. Some are well known: "Wood v. Drummer (1...
This book contains edited versions of thirty British legal cases involving accounting issues decided from 1849-1888. These cases are a valuable source of information about the development of accounting principles and practices in nineteenth-century Great Britain. The thirty cases show that the court decisions involved a rich variety of accounting issues. In some cases courts upset private contractual stipulations regarding accounting and dividend matters. In others, management was held to have used incorrect principles in computing profits. Whether or not a contract or management decision was...
This book contains edited versions of thirty British legal cases involving accounting issues decided from 1849-1888. These cases are a valuable source...
