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Write a paper of no more than 1,250 words discussing your small-business idea. Include the following:
• The advantages and disadvantages of the four different forms of business organization, which include the following:
o Sole proprietorshipo Partnershipo C corporationo S corporation
• The different types of financial statements associated with each form of business organization• The following consequences associated with each form of business organization:
o Tax implicationso Legal implicationso Accounting implications, such as SOX and FASB
• An explanation of the unique product or service your small business provides• Your choice of business organization form for your new business• Your rationale for choosing this form of business organization
Cost volume profit analysis
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What is the amount of Joel's realized gain, what is the amount and character of its recognized gain (if any), and what is its basis in the land it received from Sara in the exchange on November 1, 2012? Please explain and show all calculations.
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Presented below are the components in Gates Company's income statement. Determine the missing amounts - Compute missing amounts in determining net income.
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