Please include a title page in your file with your Team number and all team member names. Include this information in all correspondence with the instructional team relative to project submissions and resubmissions.

This is a team project. We know that some teams may choose to $$divide$$ the project among team members to ease the workload on any one individual. Remember that your work is a team effort and results in a team grade. Any questions or discussions about your team$$s $$answers$$ should first be directed to your fellow team members before you ask the instructional team. We strongly feel that the discussion among team members is an essential part of the team and learning process. If you subsequently need to reach out to the instructional team, then please copy all of your team members on the email. This is so all team members will have direct access to the response$/$s and can then help with the development of your team$$s project submission$/$resubmission$.$ Thank you!

Your assignment is attached below. This is a fairly short assignment with three goals: $(1)$ to help you establish a working relationship with your team members, $(2)$ to discuss one of the more difficult accounting concepts interactively with classmates and your instructor, and $(3)$ to review concepts covered on the first exam.

You should work collaboratively by using Zoom, Canvas, and$/$or other communication options. Each team member should do about the same amount of work. Please submit one assignment per team by the due date using the Submit button on the Team Assignment $1$ page. You will have an opportunity to correct or improve your assignment after receiving your grade and instructor feedback. The top grade on a revised assignment will be $90\%,$ and the due date for revisions is one week from the grade posting for your original submission.