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The following article discusses the risk involved in treating partners as employees. One of the primary risks involved in the article relates to employment tax issues. Review the article "Transactions between Partners and Partnerships" on page 21-39 in the text. From your review discuss at least one reason you feel the IRS has repeatedly opposed the treatment of a partner as a partner and an employee. Provide at least one scenario where a partner can be treated as an employee without any consequences
What are examples of irregular items? How does a change in accounting principles affect the financial statements? Who in the organization is responsible for the application of a change in an accounting principle? Why?
What types of information is provided to managers in your department and how do managers in your organization use information presented in financial statements?
cost allocation is arbitrary so there is nothing gained by it. we should report only the costs that we know are direct.
departments that are titled marketing finance operations accounting and finance are departmentalized by product
pillar steel co. which began operations on january 4 2011 had the following subsequent transactions and events in its
Trowbridge Company has just completed the processing of its year-end payroll and distributed all the weekly paychecks. The payroll department is now computing the amount of the annual bonus to be given each worker.
Use of historical costing including the possibility of general price-level adjustments. Why do you think he has made this choice?
Credit sales are budgeted by Gonzalez Company
gruner company produces golf discs which it normally sells to retailers for 6.79 each. the cost of manufacturing 22900
Cardon's Boat Yard, inc repairs store and cleans boats for customers. It is completing the accounting process for the year just ended November 30, 2912, The transactions during 2012 have been journalized and posted. The following data with respect..
what is account is it used to record all the changes on the individual item and the accounts that are used with
200000 shares of no-par common stock. 2. 10000 shares of 100 par 8 percent cumulative preferred stock.on february 1
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