Accounting Question

First two Computer Based Assignment must be done in 24 hours, everything is within the time set for

Computer Based Accounting

Intro to Federal Taxation on Engage

Business Law College]

PLEASE READ CHAPTER 31 AND REVIEW POWER POINTS (Under course documents)

1. PLEASE SUMMARIZE ANY 1CASE in the proper format (read all cases)

2. Explain the differences between UPA and RUPA in regards to:

a) Disassociation

b) Apparent Authority

c) Marshalling

d) Distribution of Assets upon dissolution

3.

a. Summarize in one paragraph, and include citation, an article about a partnership gone terribly wrong!

b. Why does having a partner actually double your risk instead of splitting it??

*** cite all online references ***

PLEASE READ CHAPTER 32 AND REVIEW THE SLIDES!

4. PLEASE SUMMARIZE ANY ONE CASE

5. PLEASE ANSWER ANY TWO OF THE FOLLOWING: (separate questions by number- do not lump all answers in to one paragraph)

a. Describe two differences between a general partnership and a limited partnership.

b. Identify those activities in which a limited partner may engage without forfeiting limited liability.

c. Describe two differences between a limited partnership and a limited liability company.

d. Describe the difference between a member-managed limited liability company and a manager-managed limited liability company.

6. Look back at your answer to Question 3 on the Chapter 30 Assignment. Would you change your advice to your family member, knowing what you know now? How would you advise them?

(In this course you will have one week to complete assignments covering one chapter, and two weeks for assignments covering two, be sure to manage your time accordingly)

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