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You are interested in establishing a small business. Write a paper between 1,000 and 1,500 words discussing your small-business idea. Include the following:
Question 1. Discuss your business and the product or service your small business provides.
Question 2. Identify which accounting method (i.e. cash versus accrual) you plan to use for your business. Why did you select this choice?
Question 3. List six business transactions you expect to incur with your company. State which accounts (from your chart of accounts) are impacted.
Question 4. Discuss how each business transaction (see point 3) impacts your income statement, balance sheet and statement of cash flow.
Question 5. Select one organization type (sole proprietorship, partnership, C-corporation, and S-corporation) for your company and explain why you selected this option.
A company established a petty cash fund of $100 on September 1. On September 15, the petty cash fund was increased to $125 in total. Record the above transactions in general journal form.
Deducted $50,500 office-in-home expenses, which included $4,500 in depreciation. (Refer to Chapter 9.) What is Anne's realized gain
Identify a piece of misleading advertising either on the Internet, in a magazine or newspaper, or on television. Describe how the marketing or advertising is misleading.
Determine the amount of gain or loss that would be recognized under IFRS. Prepare the related journal entry.
After the scandal was uncovered, thousands of stockholders lost millions of dollars as Enron share values plummeted." Discus what you perceive from this scenario also explain the pros and corns of it in detail.
By the end of the year, 15,400 direct labor hours had actually been worked, Calculate the overhead rate for the year
when a corporation issues its capital stock in payment for services the least appropriate basis for recording the
Calculate the incremental net operating income if the order is accepted, how much will its profits increase or decrease
Select the formula you will use to calculate the prepaid insurance balance at December 31, 2009. Then enter the amounts and calculate the balance. Round your answer to the nearest whole number.
What changes, if any, would you recommend to improve Brian's ability to manage his business?
select a company that u can visit in person or interviewon the telephone. call ahead to the company to arrange a time
Dec. 11 Sold goods to R. P. Meier, Inc., receiving a $8,500, 90-day, 7% note. Journalize the transactions for Green Plains Supply Co
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