=================================================== ACC 401 Week 5 DQ 1 Partnership Taxation FOR MORE CLASSES VISIT www. acc401assist. com
www. acc401assist. com
From Chapter 10, complete questions 12 and 13. From Chapter 11, complete question 5, question 15, and question 19. Remember to complete all parts of the problems and report the results of your analysis. Do not forget to show the necessary steps and explain how you attained that outcome.
=================================================== ACC 401 Week 5 DQ 1 Partnership Taxation FOR MORE CLASSES VISIT www. acc401assist. com
Chapter 14, problems 1, 3, 12, and 15.
1. Discuss the formation of a partnership. Is any gain or loss recognized? Explain.
3. How do taxation for the corporate form and taxation for the partnership form differ?
12. Can a partner have a salary from a partnership? Why? What is a guaranteed payment?
15. If a partner owns a 20 % interest, does that necessarily mean that he or she will receive 20 % of the net income from the partnership? Explain.