Accounting for partnerships Accounting for partnerships – Discuss the advantages and disadvantages of partnerships. Identify and discuss the Financial Accounting Standards (FAS) that govern accounting for partnerships including both creation‚ operation‚ and liquidation. What are the tax consequences of partnerships. The legal definition of a partnership is pretty simple. It is an association of two or more persons who have not incorporated; and carry on a business for profit as co-owners
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Chapter 1: International Interdependence 1.4 ADVANTAGES & DISADVANTAGES OF INTERNATIONAL TRADE Pg 22-27 Advantages of International Trade The fundamental reason for international trade is to sell something that we don’t need and to buy something we do need. Trade creates jobs‚ attracts investments‚ attracts new technology and materials‚ and offers Canadians a wider choice in products and services. People spend‚ save‚ or pay taxes with the money they earn in their jobs. The government
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Advantages and Disadvantages of the North and South The Civil War was a war that nearly divided our nation in two. We had the Union‚ who fought to end slavery‚ and unite America. Then there was the Confederacy. They wanted slavery in their territory‚ and fought for there way of life. So‚ my question is what exactly were the advantages and disadvantages of the North and South. First let’s start off with what the North or the Union had as advantages. The North had many prominent leaders like Ulysses
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whether or not something constitutional. The judges are nominated by the President and approved by the Senate. There are no term limits and no other court can overrule them. A disadvantage would be that judges are appointed and not elected which makes it more difficult to get rid of an undesirable judge. Another disadvantage
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Write a 250-word response to each of the following questions: What are the advantages and disadvantages of social media? How might knowing these advantages and disadvantages alter how a person might use social media? One advantage of social media is the ability to stay connected to friends and family‚ especially those you may not see often. You can share photos and even host events which you can invite your friends to. Social media is also a good way to meet new friends and share interests with
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had their advantages and disadvantages against each other. The north had Abraham Lincoln as their president who was very leadership skilled‚ with more experience while the south had Jefferson Davis. The north could have better systems and a better way of government. The south had military leadership of Robert E Lee‚ Stonewall Jackson‚ P.T.G Beauregard‚ James Longstreet‚ and J.E.B Stuart. The north only had leadership of 2 people Ulysses S. Grant and William T. Sherman. This was the advantage to the
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Advantages and disadvantages of living abroad As we know‚ today there are about six billion people in the world. All of them live in different countries and have diverse cultures. Some countries have become well developed‚ while others haven’t as yet. For this reason‚ some people want to go to well-developed foreign countries to live more comfortably and earn more money. Living in a foreign country has many advantages‚ but it also has some disadvantages. One of the main advantages of living
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society is where people of different races and cultural backgrounds come together to form a community. In most thriving societies‚ the community members are diverse such as Australia‚ Singapore and Canada. In this essay‚ I will discuss the advantages and disadvantages of diversity that will affect the society in terms of cultural‚ economical and social development. A diverse society can contribute to the progress of the economic development of a country by creating an open mindset due to exposure to
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Advantages and disadvantages of using CAD Advantages * Can be more accurate than hand-drawn designs - it reduces human error. * You can save and edit ideas‚ which makes it easier and cheaper to modify your design as you go along. * You can modify existing ideas‚ which saves time. Disadvantages * The software itself can be expensive so initial costs are high. There are free software packages though. * Staff need to be trained how to use the software‚ which also adds to costs
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spending. The increase in spending is meant to add a flow of money into the economy to stimulate growth. By borrowing money‚ governments feel that the positive returns outweigh the negative returns and seek to reverse the effects of a recession. Advantages to deficit spending are the long term effects of the money spent appropriately. Individuals with the same access to borrowing large sums of money would be faced with spending
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