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In your discussion post, provide the following;
If a colleague asked you for advice on incorporating, list at least two questions you would ask them to help them decide their business structure from a tax perspective.
Which two differences do you think are the most important for business owners to consider and why.
Compute the change in owner's equity during the yaer by using the accoumting equation.- determine and compute the company's net income or net loss.
A taxpayer is trading in an automobile used solely for business purposes for another automobile to be used in his business. The automobile originally cost $35,000 and he has taken $18,000 in depreciation. What is the taxpayer's gain or loss realized ..
What is the split-off point? How would you approach a decision to sell joint products at the split-off point, or process those products further? Please explain.
Vandel Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 1,600 units are planned to be sold in April. The variable selling and administrative expense is $4.70 per unit. The budgeted fixed selling ..
Determine the cost CWML expects to incur in remediating the facility immediately after it closes in August 2032 and prepare the journal entry to record the obligation CWML faces as stipulated in the operating permit.
Journalize BullsEye%u2019s transactions for July 1, 2011, and July 10, 2011 and what was BullsEye's net cost of this inventory?
Prepare a multistep income statement for Will's. Store Salaries Expense, Advertising Expense, Store Supplies Expense, and Depreciation Expense-Store Equipment are selling expenses.
Prairie Fire Snowmobile Corp. manufactures and sells snowmobiles in Wisconsin, Minnesota and the Dakotas. A publicly owned corporation, the company’s outstanding stock consisted of 5,000 shares of 10%, $20 par cumulative Preferred Stock and 10,000 sh..
It is supposed that on 31-12-2007, the sundry debtors are amounted to Rs. 40,000. On the basis of past experience, it is estimated that 5 % of the sundry debtors are doubtful. It is also suppose that during the year 2008 actual bad debts were Rs. 1,6..
The exchange is deemed to lack commercial substance. The fair value of the truck received was $45,000. Illustrate at what amount should Escape record its new tractor?
Which will be included in the financing activities section of a direct method statement of cash? flow?
Would you buy stock in this company? Are there questions you would want answered before answering the original question? What are the strengths and weaknesses of this company?
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