Financial Statements and Taxes Summary
isdoryFinancial Statements and Taxes Summary
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files (1)FinancialStatementsandTaxesSummary.docx
FinancialStatementsandTaxesSummary.docx
Week 2: Financial Statements and Taxes Summary Research Paper
Instructions
For this week's assignment, you will research and answer the following questions.
· Explain the following statement: "Whereas the balance sheet can be thought of as a snapshot of the firm's financial position at a point in time, the income statement reports on operations over a period of time.
· If you were starting a business, what tax considerations might cause you to prefer to set it up as a proprietorship, partnership, or a corporation?
Guidelines
· The paper should be one to two pages.
· Use APA format (title page, double-spaced, references).
· Don't forget to submit your document.
Action
Select the Start Assignment button to begin.
Once you have uploaded your file(s), select Submit Assignment.
Rubric
FIN510 Week 2 - 100 pts (May 26)
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FIN510 Week 2 - 100 pts (May 26) |
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Criteria |
Ratings |
Pts |
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This criterion is linked to a Learning OutcomeBalSht&IncStmt |
30 ptsExceedsDetailed discussion of both statements 25 ptsMasteryCovered main points of both statements 20 ptsNearDiscussed some of the aspects of these statements 10 ptsBelowMinimal information included on the statements 0 ptsNo Evidence |
30 pts |
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This criterion is linked to a Learning OutcomeTaxCons&BusSetUP |
30 ptsExceedsDetailed discussion of how taxes would guide decision 25 ptsMasteryCovered main tax issues; no preference 20 ptsNearDiscussed some of the tax issues in this discussion 10 ptsBelowMinimal information included on the tax issues 0 ptsNo Evidence |
30 pts |
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This criterion is linked to a Learning OutcomeReferences |
20 ptsExceedsSpecific, academic references included for both answers 15 ptsMasterySpecific, academic references for one answer 5 ptsNearGeneral references only 0 ptsNo Evidence |
20 pts |
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This criterion is linked to a Learning OutcomePlain language |
15 ptsExceedsPlain language used that a friend could understand 10 ptsMasteryMost plain language used 5 ptsNearMostly technical language used 0 ptsNo EvidenceTechnical or textbook language uased |
15 pts |
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This criterion is linked to a Learning OutcomeFormat |
5 ptsExceedsTitle page, double spaced, paragraph structure 3 ptsMasteryTwo of title page, double spaced, paragraph structure 2 ptsNearOne of title page, double spaced, paragraph structure 0 ptsNo Evidence |
5 pts |
Total Points: 100
