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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process leading to a company’s dissolution and legal death. The company will look to its guarantee fund. A guarantee company is considered unsuitable to trade. It is a suitable association for professional bodies‚ trade associations and clubs. The activities may be financed by donations or subscriptions. Being a limited company‚ guarantee company must have the
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following the religions which are many thousand years old. Even after great advancement of scientific knowledge‚ more than 90 percent of the people still believe in God because they are aware of the many benefits in being religious in their unconscious mind. The five greatest benefits of being religious are as following. 1. Love God is the only source of love as love like God connects everyone. Every religion asks people to love and not hate others. The religious people do not believe in any other ideology
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What are the advantages and disadvantages to teamwork? Teamwork‚ some think it’s just plain boring while others think it’s fun and very helpful. Teamwork mostly only has advantages. We can see them and name them. Meanwhile‚ teamwork also has small disadvantages here and there‚ usually hard to see them in our everyday work. Why is it worth working in a team and sometimes not? Would you work in a team and get things done faster and more professional or would you rather work by yourself
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Advantages and Disadvantages of Sole Proprietorship Profits and Losses – Advantages: Proprietor receives all the profits because he or she takes all the risks. Disadvantages: Losses are not shared. Liability - Disadvantages: 1) The proprietor has unlimited liability. 2) If the firm is unable to pay its bills‚ the proprietor can be force to sell personal assets as well as the business to pay debts. Management – Advantages: 1) Decisions on starting and running the business can be made
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Advantages and disadvantages of online education Introduction It is basically credit-granting courses or education training delivered primarily via the Internet to students at remote locations‚ including their homes. The Online courses may or may not be delivered synchronously. An online course may need that students and teachers meet once or periodically in a physical setting for lectures‚ labs‚ or exams‚ so long as the time spent in the physical setting does not exceed 25 percent of the
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Civil War broke out‚ the Confederacy and the Union both had numerous advantages and disadvantages and there were multiple women and slaves that contributed to the war. To begin with‚ the Confederacy had its significant advantages that helped it push through the war‚ one of which was its strong leaders. Many believed “Stonewall” Jackson and Robert E. Lee were some of the best officers even before the war. Also‚ they had the advantage of fighting on their own soil. They knew the terrain better that
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The Advantages and Disadvantages of the Stimulus Package Competition will be fierce for a piece of economic stimulus package pie. After all‚ this bail out is directly the result of a credit system in crisis from overextension of subprime lending. Too many American families are facing mounting piles of debt‚ job loss‚ and possibly the foreclosure of their home and business. Surveys of taxpayers show the expected uses of the tax rebate to be paying a bill/debt‚ beefing up a meager or depleted savings
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Competitive Advantage and Professional Sports MGT/488 July 2nd‚ 2011 Bryce Wilson John Fritch Competitive Advantage in the World of Professional Sports In today’s world the place you will see the essence of competitive advantage‚ is no other than the world of professional sports. Manchester United is one of the most famous English soccer teams in the world. The reason that this English soccer team has been able to capture
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Advantages and Disadvantages of Government Systems Around the world‚ each country has their own way of running things and their own government system. In this essay I will discuss the advantages and disadvantages of 3 government systems; unitary‚ confederate‚ and federal. Although some government systems might have similarities with the others‚ they are all very different and have different problems. A unitary state is sovereign and governed as a single unit where the central government is supreme
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