Mr. William is an engineer by profession. He is engaged as a researcher by KDU UC to
Fantastic news! We've Found the answer you've been seeking!
Question:
- Mr. William is an engineer by profession. He is engaged as a researcher by KDU UC to develop a robotic symposium project together with the lecturers, after his full time work. This project require a total capital of RM500,000 and this money will be funded by both William and KDU UC. Any profit arise, it will be shared by them equally.
Required:
Explain with reasons, whether William is exercising an employment income or business income.
Related Book For
Management Accounting
ISBN: 9781760421144
7th Edition
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
Posted Date: