Business organization-proprietorship
What form of business organization-proprietorship, partnership, or corporation-do you recommend that Natalie use for her business? Discuss the benefits and weaknesses of each form and give the reasons for your choice.
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a) Identify several pervasive factors that might motivate management to misstate assertions in the expenditure cycle.
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Albert transfers land (basis of $140,000 and fair market value of $320,000) to Gold Corporation for 80% of its stock and a note payable in the amount of $80,000. Gold assumes Albert's mortgage on the land of $200,000.
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