. What are the factors in deciding what form of ownership is best suited for the potential business? Your two response replies should be at least 50- 100 words each. Responses such as, “I agree,” “disagree” or “good answer" are not acceptable.
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1. What are the factors in deciding what form of ownership is best suited for the potential business?
Your two response replies should be at least 50- 100 words each. Responses such as, “I agree,” “disagree” or “good answer" are not acceptable.
No plagiarism, thank you
Step by step
Solved in 3 steps
- In your words, explain special types of Business ownership. Also, explain when and why would you want to choose each one of them. In what situation you might want to change the ownership from one form to another? *Please type don't writeAssume that the FASB is considering revising an important accounting standard.Required:1. What constraint applies to the FASB’s consideration of whether to require companies to provide new information?2. In what Concepts Statement is that constraint discussed?3. What are some of the possible costs that could result from a revision of an accounting standard?4. What does the FASB do in order to assess possible benefits and costs of a proposed revision of an accounting standard?Question 1: What Would Your Accountant Say? The chief executive officer of a business start-up wants the firm to acquire an accounting information system. In response to this request, the firm’s purchasing officer stated, “We should put out bids for an AIS and select the least expensive bid that comports with our existing hardware.” You are the chief accounting officer for the company and your strongly disagree with the purchasing officer's plan. Why?
- What a qualified, business income, QBR, deduction, business owners, may receive a deduction of what percent of their business income Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.01. An accountant prepares a statement of financial position for a business. In this statement,the equity of the owner was shown next to the liabilities. This confused the owner, who argued: ‘My equity is my major asset and so should be shown as an asset on the statement of financial position.’ How would you explain this misunderstanding to the owner? 02. ‘The statement of financial position shows how much a business is worth.’ Do you agree with this statement? Explain the reasons for your response. 03.“When evaluating projects, we’re concerned with only the relevant incremental after-tax cash flows. Therefore, because depreciation is a non-cash expense, we should ignore its effects when evaluating projects.” Critically evaluate this statement.7. From your analysis of the financial information included in the problem, state whether you would or would not recommend purchasing the Fenway Company and state your reason.
- Noora is considering selling her store’s old equipment to Rashid. Rashid would like to pay 1000 Rial for the equipment. How can Noora record the value of the equipment in her business’ accounting records? Should Noora write the market value, Noora’s cost, or the amount she will receive from the sale? a. Faithful Representation b. Historical cost principle c. Stable-monetary-unit assumption d. Entity assumptionWhich of the following statements always apply to corporations? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply Unlimited liability Limited life Ownership can be transferred without affecting operations Managers can be fired with no effect on ownershipWhich one of the following is the least likely reason a company may acquire an ownership interest in another company? Select one: a.To benefit form an overvaluing of assets in the investee company b. To oust an inefficient management team c. To take advantage of operating and/or cost synergies d. To exercise an active role in the business' activities
- B. Analysis of Information. Presented below are possible advantages and disadvantages. You are to determine in the first column whether the item pertains to an advantage or disadvantage. On the second column, you are to determine the related business organization. Item 1 has been done for you.Information Advantage or DisadvantageBusiness Organization1. In the event of bankruptcy, business creditors can run after the personal assets of the owners.Disadvantage Sole Proprietorship Partnership2. Involvement of more persons in the business, hence more sources of expertise as compared to the most simple business organization.3. Transferability of ownership4. Limited life5. Business organization as a juridical or separate person6. Corporate existence of 50 years, renewable7. Most limited source of funding8. Most regulated business organization9. Double taxation10. Limited liability11. Unlimited liability13-A financial report provides information that assists users in making decisions. a. Buying the entity b. Changing the management of the entity c. Selling the entity d. Providing resources to the entityCompare the advantages and disadvantages of a sole trader with a company as a choice of business structure. In your answer, you must refer to Salomon v Salomon & CoLtd Case