Question ACC 205 (Principles of Accounting) Ashford Week 4

ACC 205 (Principles of Accounting) Ashford

Week 4

Week 4 DQ 1 (Current Liability)

What is a current liability? From the perspective of a user of financial statements, why do you believe current liabilities are separated from long-term liabilities? Based on your current experience as well as any additional research you may have done provide two examples of situations where businesses collect monies from customers and employees and reports these amounts as a current liability.

Week 4 DQ 2 (Advantages & Disadvantages)

A client comes to you thinking about starting a consulting business. Your client is specifically interested in what type of entity should be created for this new business. Based on your readings or any additional research you may have done, discuss the advantages and disadvantages of the following: sole proprietorship, partnership, and corporation. Based on these advantages and disadvantages provide a clear recommendation to your client.

Week 4 Assignments:

ACC 205 Week 4 Exercise Assignment (Liability) Includes:1-(Payroll accounting) 2-(Current liabilities: entries and disclosure)3-( Notes payable.)4-(Note Payable)

ACC 205 Week 4 Solution (Liability) Includes:1-(Payroll accounting) 2-(Current liabilities: entries and disclosure)3-( Notes payable.)4-(Notes Payable)

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.