CHAPTER 12 ACCOUNTING FOR PARTNERSHIPS AND LIMITED LIABILITY COMPANIES DISCUSSION QUESTIONS 1. a. Proprietorship: Ease of formation and nontaxable entity. b. Partnership: Expanded owner expertise and capital‚ nontaxable entity‚ and moderate complexity of formation. c. Limited liability company: Limited liability to owners‚ expanded access to capital‚ nontaxable entity‚ and moderate complexity of formation. 2. The disadvantages of a partnership are that its life is limited
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Date: November 2nd 2011 Subject: Japanese accounting practices JAPANSE GAAP Japan in the year 2010 had a GDP of 4.31 trillion dollars making them the 4th largest in the world 1. With this being said it is important that other countries doing business in the nation have a strong knowledge of their accounting practices. Japanese accounting practices have been going through some major changes over the past 10 years. In 2001 Financial Accounting Standards Foundation (FASF) was formed as well
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Case 14-3 Coconut Telegraph Coconut Telegraph Corporation (Coconut) is a developer and provider of specialized customer billings and management software and systems. Coconut’s flagship product‚ the Volcano System‚ is a customer billings and management system consisting of integrated hardware (user interfaces and consoles) and related software. Coconut has never sold‚ nor does it offer to sell‚ the Volcano System without the software since the software is necessary for the Volcano System to function
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Case 06-12 Outsourcing Services‚ Inc. Outsourcing Services‚ Inc. (OSI)‚ a SEC registrant‚ provides a variety of EDP and payroll processing services to third parties. OSI recently has introduced a new service line to provide product help-line support services through customer service representatives (CSRs) who are employees of OSI. On January 1‚ 2004‚ OSI entered into a service contract with Company X. Pursuant to the terms of the contract‚ OSI’s CSRs will provide technical support for Company X’s
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culture hard (Jing). “To Escape” is one of his outstanding works. The main story of “To Escape” talks about Chen Sanmai’s life and three times he escapes. Chen Sanmai spends his whole life for escaping from something him afraid until he died. This paper will begin with a discussion of the story’s spatial structure and an exploration into the symbolic meaning of the kites in relation to the Chen Sanmai’s life. Spatial Structure of “To Escape” Firstly I will deconstruct the spatial structure of “To Escape”
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Here is something else that can help Businesses can improve their ability to attract‚ retain and improve productivity by applying the following five-step PRIDE process: P - Provide a Positive Working Environment R - Recognize‚ Reward and Reinforce the Right Behavior I - Involve and Engage D - Develop Skills and Potential E - Evaluate and Measure STEP 1--PROVIDE A POSITIVE WORKING ENVIRONMENT Jim Goodnight is the co-founder and President of SAS in Raleigh-Durham‚ NC. SAS is the largest software
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Case 11-9 Goodwill Impairment Testing • Galaxy Sports Inc. (Galaxy)‚ a U.S.-based manufacturer of sports equipment‚ is a calendar year-end SEC registrant with one operating segment and the following three reporting units: o Fitness Equipment. o Golf Equipment. o Hockey Equipment. • Galaxy is in a competitive industry with several publicly traded companies in which growth and profitability are tied to the market and consumer demand. • Three reporting units are appropriate because
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Innovative and sustainable healthcare management: Strategies for growth Conference background note August 2012 www.deloitte.com/in 2 Contents Current perspective on Indian healthcare 4 The complex healthcare challenge: The need for innovations 6 Framework for understanding innovations in healthcare management 8 Driving sustainability of innovations 15 Way forward 16 References 17 Contacts 18 Innovative and sustainable healthcare management: Strategies for growth
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Who you are now and who you seek to become as a leader in the future WHO AM I NOW! I started my career about four and half years ago as a technical writer‚ which lead to project analyst‚ then proposal coordinator‚ and now as a proposal lead and in transition phase of becoming a proposal manager. As a Proposal Lead‚ I am responsible for coordinating or leading all phases of the company’s proposal process for federal or state RFPs or RFIs related to healthcare. I possess the ability to deliver a
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I think Levendary Café entered the Chinese market in a decent way. The pros of how Levendary Café entered the Chinese market included the amount of opportunity in China‚ the success of other foreign restaurant chains and the experience of Louis Chen. The China GDP growth of 14.5% over the last decade made it “ripe for investment”. China’s urban population growth and emerging middle class provided great opportunity for great developments and progress across all markets. The lifestyle trend to
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