Accounting :discuss the advantages and disadvantages of applying
Accounting
Question:
Watch A. Mursau’s video on YouTube Then, discuss the primary advantages and disadvantages of applying the direct write-off and the allowance method of writing off accounts. Even though the direct write-off method is not acceptable for generally accepted accounting principles (GAAP) reporting, take a position on whether or not estimating the allowance for doubtful accounts distorts gross income. Propose an alternative method to increase the accuracy of reporting. Explain your rationale.
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Business Law
Question:
Tomas Reese entered a fast food restaurant before the restaurant had opened for business through an unlocked rear entrance. After entering the restaurant Reese pushed one employee against a soda machine and while holding a gun to the neck of the manager, forced her to open the safe. Reese then locked the employees in a cooler and fled the scene with over $5000. Which (if any or all) of the following crimes has Reese committed: burglary, robbery, or larceny? Explain.
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Business Law
Question:
Catherine (wife) and Peter (husband) Mallen had lived together unmarried for some four years when Catherine got pregnant and a marriage was arranged. Peter asked Catherine to sign a prenuptial agreement. Although his financial statement attached to the agreement did not state his income at $560,000 per year, it showed he was wealthy, and she had lived with him for four years and knew from their standard of living that he had significant income. Catherine contends that failure to disclose peter’s income was a nondisclosure of a material fact when the agreement was drawn up and that accordingly the agreement is not valid. Peter contends that he fully disclosed his net worth and that Catherine was well aware of his significant income. Further, he contends that disparities in the parties financial status and business experience did not make the agreement unconscionable. Decide
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Accounting
Question:
Go to https://www.irs.gov/uac/About-Publication-519 and review the Publication 519, U.S. Tax Guide for Aliens. Be prepared to discuss. From the U.S. Tax Guide for Aliens, discuss the differences in tax treatment between U.S. citizens who earn foreign source income, the tax treatment of aliens, and resident aliens. Identify at least two (2) tax laws regarding either reporting income or deductions that you believe to be inequitable treatment. Defend your position.
