30 May ACC 407 Week 1 DQ 2 Partnership Liquidation Case C16-6
a. Describe the formation of the partnership, including the date of formation and the purpose for the limited partnership.
b. Who was the initial general partner? What was the general partner’s initial percentage interest in the partnership? And who was the general partner as of December 31, 2003?
c. What was the general partner’s profit percentage? What economic reasons might the general partner have had for investing in this partnership?
d. What were the major elements of the Restructuring Plan approved in 2001 by the limited partners?
e. What were the major elements of the Plan of Liquidation that was initiated in 2003?
f. The partnership adopted the liquidation basis of accounting beginning on September 30, 2003. Briefly describe the liquidation basis of accounting the partnership used.
g. Compare the partnership’s financial statements before and after the September 30, 2003 adoption of the liquidation basis of accounting.
h. The partnership filed a form 15-12G on May 1, 2006. Obtain this filing. What is the purpose of this form that is required by the SEC?
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.