2 questions for Accounting

Question # 00005534 Posted By: paul911 Updated on: 12/17/2013 09:26 AM Due on: 12/18/2013
Subject Accounting Topic Accounting Tutorials:
Dot Image

2 questions with 3 to 4 sentence answers each please. Due on Sunday January 27th.

Questions #1:

What is a current liability? From the perspective of a user of financial statements, why do you believe current liabilities are separated from long-term liabilities? Based on your current experience as well as any additional research you may have done provide two examples of situations where businesses collect monies from customers and employees and reports these amounts as a current liability.

Question #2:

A client comes to you thinking about starting a consulting business. Your client is specifically interested in what type of entity should be created for this new business. Based on your readings or any additional research you may have done, discuss the advantages and disadvantages of the following: sole proprietorship, partnership, and corporation. Based on these advantages and disadvantages provide a clear recommendation to your client.

Dot Image
Tutorials for this Question
  1. Tutorial # 00005338 Posted By: paul911 Posted on: 12/17/2013 09:27 AM
    Puchased By: 2
    Tutorial Preview
    The solution of 2 questions for Accounting...
    questions_5.docx (13.63 KB)

Great! We have found the solution of this question!

Whatsapp Lisa