Assignment title: Management
Required i)Refer to the decision in Arthur Murray (NSW) Pty Ltd v FCT (1965) 114 CLR 314. In your own words, briefly describe the facts, issues and conclusion in that case. [Note: Case reports and extracts of Arthur Murray are widely available or the decision may be accessed via www.hcourt.gov.au] a.Advise RIP Pty Ltd when income is derived (i) generally, and (ii) when it derives its income from funeral services and related activities. b.Does the Arthur Murray principle apply to the company's accounting treatment of amounts in Easy Funeral Plan? Explain.