Entries by Paul

L invests $60,000 for one-third interest in LMN Partnership as a limited partner. During the period, L’s share of the partnership income is $130,000 and L has withdrawn $75,000. The partnership has r

October 2, 2023 in /by

L invests $60,000 for one-third interest in LMN Partnership as  a limited partner. During the period, L’s share of the partnership income is $130,000 and L has withdrawn $75,000. The partnership has recourse liabilities of $48,000. Using this information, what is L’s basis in the partnership assuming that L has no obligation to contribute additional […]

Assignment 1: LASA 2: Audit Planning Report

October 2, 2023 in /by

As the partner in charge of audits at Dewey, Wright, and Moore, you have decided to accept AV Imports and Exports as a new audit client. You have gone through all necessary planning, such as the requirements of SAS 56 as well as other pronouncements. You are now at the stage of preparing a planning […]

help for essential taxation assignment

October 2, 2023 in /by

Over the years, the list of employee benefits that qualify as deductible expenses by the employer and nontaxable income for the employee has expanded. Assume Congress is interested in further expanding the list of benefits available for this special tax treatment. Prepare a list for Congress of at least three items not discussed in the […]

Anne decides to leave the ABC Partnership after owning the interest for many years. She owns a 52% capital, profits, and loss interest in the general partnership (which is not a service partnership).

October 2, 2023 in /by

Anne decides to leave the ABC Partnership after owning the interest for many years. She owns a 52% capital, profits, and loss interest in the general partnership (which is not a service partnership). Anne’s basis in her partnership interest is $ 120,000 just before she leaves the partnership. The partnership agreement does not mention payments […]

Who has experience in Intermediate Accounting?

October 2, 2023 in /by

Discussion Question: “Comprehensive Income and the Income Statement” Please respond to the following: From the e-Activity, create one (1) argument to support the use of a two-step approach over the single-step approach when reporting comprehensive income. Support your response with specific examples that illustrate why the two-step approach is more beneficial than the single-step approach. […]

Instructions Review the various fraud schemes on page 10 of the Fraud Prevention and Detection in an Automated World Word Document document. Then, find a news article that discusses one of these fraud

October 2, 2023 in /by

Instructions Review the various fraud schemes on page 10 of the Fraud Prevention and Detection in an Automated World Word Document document. Then, find a news article that discusses one of these fraud schemes found in an organization within the past two years. Describe the fraud and the actual or potential tests used to find the fraud.For […]

OUNTANT COULD PRACTCE THE BUDGETING PROCESS IN YOUR FOR PROFIT COMPANY, YOU WANT HER TO COMPARE BUDGETING METHODS FOR TWO DIRRERENT KINDS OF ENTITIES?…

October 2, 2023 in /by

SO YOUR NEW ACCOUNTANT COULD PRACTCE THE BUDGETING PROCESS IN YOUR FOR PROFIT COMPANY, YOU WANT HER TO COMPARE BUDGETING METHODS FOR TWO DIRRERENT KINDS OF ENTITIES? GIVE INFORMATION FOR PROFIT AND NONPROFIT ENTITY AND COMPLETE THE FOLLOWING: cOMPLETER NEXT YEARS BUDGETED FIGURES FOR EACH ENTITY WITH THE SAME EXCEL WORKSHEET YELLOW CELLS? iNCLUDE YOUR […]

Read the case study: The Business Case for Integrated Reporting: Insights from Leading Practitioners, Regulators, and Academics (see attachment belwo).Write a 6- to 7-page critical essay that addresse

October 2, 2023 in /by

Read the case study: The Business Case for Integrated Reporting: Insights from Leading Practitioners, Regulators, and Academics (see attachment belwo). Write a 6- to 7-page critical essay that addresses the following topics: All objectives of integrated reporting, as stated by IIRC Internal and external benefits of the Integrated Reporting Model, as observed in the South […]

FINANCIAL MARKETS – DISCUSSION Remember to always properly cite – this includes direct quotes, paraphrases, and even the thoughts and ideas of another author. Each sentence needs an in-text cite an

October 1, 2023 in /by

FINANCIAL MARKETS – DISCUSSION Remember to always properly cite – this includes direct quotes, paraphrases, and even the thoughts and ideas of another author. Each sentence needs an in-text cite and section in a reference section and the end of your writing. Also be sure to keep incorporating the course material  and avoid non-scholarly sources […]