User Account

All Pages

Discuss advantages and disadvantages of sole proprietorship

Assignment Help Accounting Basics
Reference no: EM131355596

Discussion Questions 1 & 2

DQ #1: Current Liability

What is a current liability? From the perspective of a user of financial statements, why do you believe current liabilities are separated from long-term liabilities? Based on your current experience as well as any additional research you may have done, provide two examples of situations where businesses collect monies from customers and employees and report these amounts as a current liability.

DQ #2: Client Recommendations

A client comes to you thinking about starting a consulting business. Your client is specifically interested in what type of entity should be created for this new business. Based on your readings, or any additional research you may have done, discuss the advantages and disadvantages of the following: sole proprietorship, partnership, and corporation. Based on these advantages and disadvantages, provide a clear recommendation to your client.

Reference no: EM131355596

Questions Cloud

Estimate the intrinsic value of each share of stock : IO Taxes Inc. is a large but privately-held all-equity firm in the tax planning industry. While IO Taxes is not publicly traded, its close competitor, H&R Rock Inc., is and has an unlevered and unadjusted equity beta of 1.3. Estimate the intrinsic v..
Describe the persons response to the dilemma heinz faced : Describe the person's response to the dilemma Heinz faced. - Identify the stage from Kohlberg's theory of moral development that best fits with the interviewee's responses.
Greatest security threat to an organization : Employees are often the greatest security threat to an organization. It may be a disgruntled employee who felt he or she was poorly treated or a model employee who simply didn't follow company policy for keeping his or her computer secure.
Prepare a debate paper on taxation and representation : In the years between the end of the French and Indian War and the skirmishes at Lexington and Concord, 1763-1775, the colonies and the mother country debated the right of Parliament to legislate for the colonies. The British claimed that Parliamen..
Discuss advantages and disadvantages of sole proprietorship : Your client is specifically interested in what type of entity should created for new business. Based on your reading, or any additional research you may have done, discuss advantages and disadvantages of sole proprietorship.
Write a computer program to implement a discrete hopfield : Write a computer program to implement a heteroassociative neural net using the Hebb rule to set the weights (by outer products). The program should read an x vector from a 9 x 7 array - Write a computer program to implement a discrete Hopfield net ..
Calculate the pin reactions at these points : The wall bracket shown is pin-connected at points A, B, and C. Calculate the pin reactions at these points. Neglect the weights of the members.
Roles and responsibilities for implementing an sap : Please help (information technology question) the roles and responsibilities for implementing an SAP at your fictitious company. Include the following:
Determine whether or not the block will slide : A 150 lb block rests on a horizontal floor. The coefficient of friction between the block and the floor is 0.30. A pull of 40 lb, acting upward at an angle of 30° to the horizontal, is applied to the block.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Planning to implement a company-wide policy

The organization is planning to implement a company-wide policy with respect to bereavement leave that provides the same benefits to all employees, regardless of their province/territory of employment or their length of employment. Prepare a memo ..

  A company had common stock with a total par value of

a company had common stock with a total par value of 18000000 and fair value of 62000000 and 7 preferred stock with a

  In order to assist the managers and board of management you

a.in order to assist the managers and board of management you are compiling a resource which will define the various

  The area manager of the red white and brew restaurants is

the area manager of the red white and brew restaurants is considering two possible expansion alternatives. the required

  Two temporary differences-one rate-beginning deferred taxes

(Two Temporary Differences, One Rate, Beginning Deferred Taxes, Compute Pretax Financial Income) The following facts relate to Integrated Products Corporation.

  Violations of accounting conventions

Presented below are a number of accounting procedures and practices in Sanchez Corp. For each of such  items, list the assumption, information characteristic, principle, or modifying convention that is violated.

  Plan a professional powerpoint presentation

Use your Learning Benchmarks (initial and final), Mid-Placement Report and Evaluations, to carefully plan a professional PowerPoint presentation.

  Company reported net income of 500000 in 2011 during 2011

company reported net income of 500000 in 2011. during 2011 company reported a loss of 50000 from a peripheral activity.

  If overhead is applied on the basis of dlhs what

blaine corp. makes floats for mardi gras in new orleans. the companys fiscal year ends on march 31. on january 1 2010

  Nikabrik co is involved in a lawsuit as a result of an

nikabrik co. is involved in a lawsuit as a result of an accident that took place september 5 2012. the lawsuit was

  Prepare a single-step income statement for 2013 including

exercise 4-2 income statement format single step and multiple step. the following is a partial trial balance for

  Maturity risk premium the real risk-free rate is 3 and

maturity risk premium. the real risk-free rate is 3 and inflation is expected to be 3 for the next 2 years. a 2-year

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd