THE-WFT08-06-1001-ch_15_V4-SM

THE-WFT08-06-1001-ch_15_V4-SM - CHAPTER 15 COMPARATIVE...

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CHAPTER 15 COMPARATIVE FORMS OF DOING BUSINESS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P in Question/ Present Prior Problem Topic Edition Edition 1 Entity attributes Modified 1 2 Entity attributes Unchanged 2 3 Liability exposure Unchanged 3 4 Ethics problem Unchanged 4 5 Corporate tax rates: marginal and effective Modified 5 6 Choice of business entity: tax and nontax factors Unchanged 6 7 Choice of business entity Unchanged 7 8 Choice of business entity Unchanged 8 9 Choice of business entity Unchanged 9 10 Single versus double taxation Modified 10 11 Alternative minimum tax Unchanged 11 12 Alternative minimum tax; installment sale Unchanged 12 13 Ethics problem Unchanged 13 14 Fringe benefits Unchanged 14 15 Fringe benefits Unchanged 15 16 Reasonable compensation Unchanged 16 17 Shareholder loans to corporation New 18 Avoiding double taxation: lease rental payments Unchanged 18 19 Rental property or corporate asset Unchanged 19 20 Accumulated earnings tax Unchanged 20 21 Stock redemption versus sale to outsiders New 22 Accumulated earnings tax: avoiding Unchanged 22 23 Issue ID Unchanged 23 24 S corporation: maintaining or revoking status Unchanged 24 25 Recognition under § 351 and debt versus equity Unchanged 25 26 Recognition at time of contribution and basis Unchanged 26 27 Effects of contributions, profits, and liabilities on Unchanged 27 basis: different types of entity 28 Transactions affecting different entity types Unchanged 28 29 Conduit versus entity concept Unchanged 29 30 Contributions, profits, and distributions to owners Unchanged 30 31 Distributions to owners Modified 31 15-1
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15-2 2008 Entities Volume/Solutions Manual Status: Q/P in Question/ Present Prior Problem Topic Edition Edition 32 Passive activity losses Unchanged 32 33 Basis and at-risk rules: partnership versus Unchanged 33 corporation 34 Recognition under § 351 and § 721, basis, and Modified 34 special allocations 35 At-risk amount and basis Unchanged 35 36 Special allocations Unchanged 36 37 Special allocations Unchanged 37 38 Asset sale versus stock sale Unchanged 38 39 Sale of a business: sole proprietorship Unchanged 39 40 Sale of a business: partnership Unchanged 40 41 Purchase of partnership Unchanged 41 42 Issue recognition Unchanged 42 43 Purchase of a corporation Unchanged 43 Bridge Discipline Problem 1 Tax and financial reporting of corporate Unchanged 1 formation 2 S corporation formation Unchanged 2 3 Partnership formation Unchanged 3 4 Alternative minimum tax Unchanged 4 Research Problem 1 Stock redemption versus dividend Unchanged 1 2 Internet activity Unchanged 2 3 Internet activity Unchanged 3 4 Internet activity Unchanged 4 5 Internet activity Unchanged 5 6 Internet activity Unchanged 6
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Comparative Forms of Doing Business 15-3 PROBLEMS 1. a. S corporation and C corporation (S and C). p. 15-6 b. C corporation (C). p. 15-6 c. C corporation (C). p. 15-7 d. C corporation (C). p. 15-12 e. S corporation (S). pp. 15-4 and 15-7 f. Sole proprietorship and partnership (SP and P). p. 15-6
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This note was uploaded on 04/19/2009 for the course BUSINESS ACCT 305 taught by Professor Poletti during the Spring '09 term at DeVry Columbus North.

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THE-WFT08-06-1001-ch_15_V4-SM - CHAPTER 15 COMPARATIVE...

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