Solved: Benefits of proprietorship as compared with llc, Accounting Basics

+44 141 628 6080
[email protected]

Benefits of proprietorship as compared with llc

Problem: Explain the benefits of a proprietorship as compared with a LLC.

I would choose proprietorship as the business structure, if I were to set up an own Certified Public Accounting (CPA) practice. I know the benefits about cost, taxes, and sharing the profits with anyone.

Explain what are others benefits to chose proprietorship as the business structure.

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Benefits of proprietorship as compared with llc

Reference No:- TGS01620148

Now Priced at $25 (50% Discount)

Recommended (96%)

Rated (4.8/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Current convergence efforts of the asb and iasb

Describe the current convergence efforts of the ASB and IASB in the area of accounting for taxes. Explain the difference between pretax financial income and taxable income.

Q : Major benefit of the roi technique

Problem 1. What is the major benefit of the ROI technique for measuring performance? Problem 2. What is economic value added (EVA) and in what ways can a company improve its EVA?

Q : Percentage-of-completion method of accounting

In 2011, KP Building Inc. began work on a four-year construction project (called Cincy One). The contract price is $300 million. KP uses the percentage-of-completion method of accounting. At the end of 2011, the following financial statement infor

Q : Prepare a differential analysis report

Q1. Prepare a differential analysis report, dated January 3, 2010, for the lease or sell decision. Q2. On the basis of the data presented, would it be advisable to lease or sell the machinery? Explain.

Q : Benefits of proprietorship as compared with llc

Q : Total amount of the period costs

What was the total amount of the period costs listed above for the period?

Q : Underapplied or overapplied overhead cost

The entry to dispose of the underapplied or overapplied overhead cost for the month would include:

Q : Managerial accounting exercises

Yimron Corporation uses the weighted-average method in its process costing system. Information for the month of March concerning Department A, the first stage of the company's production process, follows:

Q : Accounting for manufacturing overhead-budgeted rates

Job costing, accounting for manufacturing overhead, budgeted rates. The Solomon Company uses a job-costing system at its Dover, Delaware, plant. The plant has a Machining Department and a Finishing Department.

1948010

Questions
Asked

3,689

Active Tutors

1460919

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Benefits of proprietorship as compared with llc

Reference No:- TGS01620148

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Current convergence efforts of the asb and iasb

Q : Major benefit of the roi technique

Q : Percentage-of-completion method of accounting

Q : Prepare a differential analysis report

Q : Benefits of proprietorship as compared with llc

Q : Total amount of the period costs

Q : Underapplied or overapplied overhead cost

Q : Managerial accounting exercises

Q : Accounting for manufacturing overhead-budgeted rates

How does instagram shape the ways we see our bodies

What helps to be more professional

Can you put this in study guide format

Areas mentioned specifically as wanting to join the eeu

Reviewing your cliftonstrengths themes

Compare independent variables, dependent variables

What options is true in relation to validity

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Benefits of proprietorship as compared with llc

Reference No:- TGS01620148

Recent Questions Asked Accounting Basics

Q : Current convergence efforts of the asb and iasb

Q : Major benefit of the roi technique

Q : Percentage-of-completion method of accounting

Q : Prepare a differential analysis report

Q : Benefits of proprietorship as compared with llc

Q : Total amount of the period costs

Q : Underapplied or overapplied overhead cost

Q : Managerial accounting exercises

Q : Accounting for manufacturing overhead-budgeted rates

Asked Questions