QUESTION 2 (25%) Top and Middle are in partnership‚ sharing profits and losses in proportion 75% and 25%. The partnership agreement provided as follows: (a) Interest at the rate of 10% per annum is to be allowed on the partners’ Capital Account balances. (b) Interest on drawings was to be calculated at 4% per annum. (c) Top was allowed a salary of RM400 per month. (d) Interest on partner loan was 6% per annum. Trial Balance As At 31 December 2009 RM Capital : Top : Middle Current Account : Top :
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Corporate and Partnership Tax Lee – Fall 2013 By: Cullen G. Tatum TEST INFO: • The test will be a take home test that will have to be returned by the original assigned test date. • Interested in comparing between different types of entities. • One question will be some individuals who want to form an entity‚ and you should choose one and elaborate. • You should treat the test as if you were responding in memo form to an attny who already knows some info on the subject so you do not need
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Week 3 Discussion 1 Partnership Entity * Determine the key factors to be considered when deciding on forming a partnership. Factors to be considered when deciding on forming a partnership are: what type of business‚ type of company (DBA‚ LLC‚ LLP‚ Partnership‚ Sole prop)‚ what kind of products‚ cost of starting‚ financing‚ Investors‚ taxes‚ your location‚ your market region‚ what’s your market clientele. Some other personal factors may include having common interests or concerns‚ understanding
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|Overview of Limited Liability Partnership|4-10 | | |Act‚ 2008 | | |3 |Tax implication |10-11 | |4 |Comparative Analysis |11-12
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On September 5‚ 2007‚ Apple and Starbucks announced that they entered into an exclusive partnership to provide end users the opportunity to download music through iTunes. In order to access the service‚ a customer goes to a participating Starbucks location with their iPod® touch‚ iPhone™ or PC or Mac® running iTunes. The device automatically recognizes the iTunes Wi-Fi Music Store using a high-speed Wi-Fi wireless network. There is no connection fee or hotspot login required. An icon pops up on their
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Economic is undeniably the one of the most important component of national interest of a country. Basically in the aspect of economy‚ France-Africa cannot escaped the reality of the World System Theory which consisted of three level of states which are core states‚ semi peripheral nation and peripheral nation that explained much on the system of capitalist world economy‚ and obviously both of the two nations represented themselves as core nation and peripheral nation. However‚ in order to readjust
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PARTNERSHIP AGREEMENT THIS AGREEMENT is made on the date specified in the schedule to this deed (the schedule) between the parties described in the schedule as the partners (the partners). 1). FORMATION AND TERMS The partners will carry on business in partnership on the terms set out in this agreement which partners will commence or is acknowledge to have commenced on the commencement date set out in the schedule and will continue until terminated in accordance with this agreement or otherwise
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Public-Private Partnerships(PPP): A Reality Check and the Limits of Principal Agent Theory Arie Halachmi‚ PhD 2011-2011 Distinguished Fulbright Professor Abstract Can partnership and contracting out of the production and delivery of what used to be performed by government improve public sector productivity? However‚ the reality does not always follow the theory. Using an actual case study and a Principal Agent Theory the paper explores and articulates possible limitations of Principal
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Chapter 4: Barriers to Partnership Working HEALTH‚ SOCIAL CARE AND HOUSING PARTNERSHIP WORKING BRIEFING NOTES FOR PRACTITIONERS AND MANAGERS August 2009 Chapter 4 – Barriers to Partnership Working Contents INTRODUCTION........................................................................................................ 3 THE CAUSES AND EFFECTS OF PARTNERSHIP BARRIERS .............................. 3 PEOPLE...................................................................................
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Are there any significant differences between ’traditional’ plant and company-level collective bargaining and the new concepts of ’partnership’ at these levels? Introduction ’Social Partnership’ is the Involvement and Participation Associations proposal for a closer relationship built on trust and mutuality between management and trade unions. Increased product market and global competition has meant that many companies are having to re-think their industrial relations strategy and
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