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How to help safeguard the assets of the business

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Reference no: EM132884330

Question - You are promoting a rock concert in your area. Assume you organize as a corporation, with each member of your group purchasing $10,000 of the corporation's shares. Therefore, each of you is risking some hard-earned money on this venture. Assume it is April 1 and that the concert will be performed on June 30. Your promotional activities begin immediately, and ticket sales start on May 1. You expect to sell all the firm's assets, pay all the liabilities, and distribute all remaining cash to the group members by July 31. If you wanted to conduct an good internal control manual, how to help safeguard the assets of the business.

Reference no: EM132884330

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