How many years would it take to pay off the debt
As of october 2009, the united states federal dept was $11,963,668,027,500. If each of the 307,000,000 people in the United States paid an extra $1000 in taxes each year, every year, how many years would it take to pay off this debt?
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At the beginning of the current year, Bonnie and Clyde formed the BC partnership, with each having a 50% interest. Bonnie transferred property with a $50,000 FMV, a $30,000 adjusted basis and subject to a $10,000 liability assumed by BC.
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Compare and contrast financial reporting requirements between FASB and GASB. As part of your discussion include why you beleive the different requirements are appropriate for the readers of these statements.
Is negative cash from operating activities a negative indicator from a company? Why or why not? What about negagitve cash from investing activities?
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