Choosing a partnership form of organizing is always more favorably from a tax position than incorporating. Defend your position.
Answer to relevant QuestionsConsider the following statement: “In order to maximize value, all firms should maintain a 30/70 debt to equity ratio”. Do you believe this statement is correct? Explain your rationale.Custom Computers is a company started by two engineering students to assemble and market personal computers to faculty and students. The company operates out of the garage of one of the students' homes. From the following ...Marriott International, Inc., and Hilton Hotels Corporation are two major owners and managers of lodging and resort properties in the United States. Abstracted income statement information from the two companies is as ...The following figures were taken from the 2011 and 2012 Balance Sheet2011 2012Cash 30A/RInventorySuppliesPP&EAccumulated Depreciation Total assetsYou can make up numbers hereAP 2012 2011Deperditon PayableNote ... Although the net method is theoretically more sound, most companies use the gross method of accounting for cash discounts related to sales on account. Explain this statement.
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