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Assume that John, James, and Jane are considering creating a legal business entity to develop and market their idea for a web application. Recommend the most appropriate type of business activity (i.e., a general partnership, a limited liability partnership, or a limited liability company) for them to form. Provide a rationale for your response. Determine the main purpose of a statement of realization and liquidation, and discuss the major information that the primary parties can gain from a statement of realization and liquidation in order to grasp the major events of the liquidation process. Next, suggest the most critical information to disseminate to the partners and creditors during liquidation. Justify your response.
Carl applies for fire insurance for his house. Before the application is processed, Carl's house burns down. Carl will have coverage if the insurance company
on january 1 2013 lane issues 700000 of 7 15-year bonds at a price of 106acircfrac34. the interest payments are made on
Based on this numerical comparison, which plan would you choose? What other factors must you also consider in making the choice?
Current social trends in corporate taxation have a tremendous impact on how corporations run their business activities. For instance, tax liabilities will affect where a corporation runs its activities-in the United States or in a foreign country-..
1.some tax rules can be justified on multiple grounds e.g. economics social etc.. in this connection comment on the
the long term liability section of twin digital corporations balance sheet as of december 31 2010 included 12 bonds
At the end of the year, overhead applied was $35,000,000. Actual overhead was $34,200,000. Closing over/under applied overhead into cost of goods sold would cause net income to increase/decrease by?
on january 1 2014 hammer company listed the following shareholders equity section of its balance sheetcontributed
Using the same facts as in RE17-9, assume instead that Ruby declares and issues a 50% stock dividend when the stock is selling for $30 per share. Prepare the journal entry on the date of declaration to record Ruby Corporation's stock dividend.
palmer inc. has a net operating loss carryforward of 100000. if palmer continues its business with no changes it will
Calculate the gross profit and cost of goods sold for MB Calculate the selling price that must be set for this new product if its gross profit ratio is to be the same as the average achieved for all products for fiscal 2013 From a management viewp..
at the end of 2014 aramis company has accounts receivable of 901710 and an allowance for doubtful accounts of 49850. on
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