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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Role of Internal Audit Function Nano Circuits Inc‚ is a publicly traded company that produces electronic control circuits‚ which are used in many products. In an effort to comply with SOX‚ Nano is in the process of establishing an in-house internal audit function‚ which previously had been outsourced. The company began this process by hiring a Director of Internal Audits. Nano Circuits’ CEO recently called a planning meeting to discuss the roles of key corporate participants regarding the implementation
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day. So if you are tired of penny-pinching‚ read on to learn the meaning of these useful expressions! Penny-pinching. This expression means to save money‚ or describes someone who is unwilling to spend money. For example‚ I have to do some penny-pinching this month if I want to buy that coat! A penny saved is a penny earned. This means that not spending money is almost the same as earning it because it will still be in your pocket! The best things in life are free. A similar saying is Money
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Fiber Intermediates: Fiber Intermediates have large production capacity in India. Globally the demand for all categories of Fiber is increasing at a pace of 3-4 MT annually. Polyester is accounted for 70% of the total growth of fiber in all categories in next decade. This global demand scenario has a positive impact on the Indian market as well. Polyester demand in India is likely to grow at 12% Y-o-Y to .5 MPTA. Demand of Polyester will also result into demand growth of PX which is expected to grow
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ADVANCED MANAGEMENT ACCOUNTING AND CONTROL Fall 2012 PROFESSOR: Dr. Raili Pollanen Office: 820 DT‚ Tel. 520-2600‚ Ext. 2376 Office Hours: Fridays‚ 11:30 – 12:30 and by Appointment E-mail: raili_pollanen@carleton.ca WebCT: http://webct.carleton.ca COURSE TIME/LOCATION Lectures: Fridays‚ 8:35 – 11:25‚ Location LA B146. PREREQUISITES: BUSI 3008 with a grade of C- or higher. The School of Business enforces all prerequisites. COURSE OVERVIEW: This course focuses on managerial
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& ACMs Remittance & Settlement / Payment Discipline BSP Reports BSPlink 3 SECTION 1 What is BSP Billing and Settlement Plan – A carrier neutral reporting / accounting system run by IATA Use of neutral traffic document (STD) and one single reporting point BSP Reports are official accounting documents A network of approved Agents who issue Traffic Documents on behalf of the Airlines Agents Accreditation – System of financial guarantee / Criteria control
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Chapter 1 the equity method of accounting for investments Answers to Questions 1. The equity method should be applied if the ability to exercise significant influence over the operating and financial policies of the investee has been achieved by the investor. However‚ if actual control has been established‚ consolidating the financial information of the two companies will normally be the appropriate method for reporting the investment. 2. According to Paragraph 17 of APB Opinion 18‚ "Ability
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CHAPTER 5 Merchandising Operations and the Multiple-Step Income Statement ANSWERS TO QUESTIONS 1. (a) Disagree. The steps in the accounting cycle are the same for both a merchandising company and a service company. (b) The measurement of income is conceptually the same. In both types of companies‚ net income (or loss) results from the matching of expenses with revenues. 2. The components of revenues and expenses differ as follows: | | Merchandising | | Service | RevenuesExpenses
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to look beyond capitalism towards a new social order that would allow us to live whithin a system that could be responsible‚ just and humane? First‚ before going further in our analysis on the genres of explanatory formats‚ I believe that this video starts out on a wrong note. I don’t believe that we live within a system that is not responsible nor just nor humane. Indeed‚ some people feel threatened or even ignored by the system but at the end of the day‚ you can’t please everyone‚ you should target
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Development of a Data Warehouse for the ABC Corporation Srilakshmi Avireneni Managerial Applications of Information Technology – IS535 (ON) DeVry University‚ Keller Graduate School of Management May 13‚ 2015 Development of a Data Warehouse for the ABC Corporation Proposal Topic This document is a proposal for building a data warehouse architecture that will consolidate and transform data into useful information for the purpose of decision-making and for establishing a new function
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