Snhu acc 630 final project / financial reporting iii

 

ACC 630 Final Project / Financial Reporting III

Final Project: Target Corp

2

Table of Contents

Business Entities 4

Damage Estimates 4

Disclosure Requirements 5

Shareholders – Personal Liability 6

Partners – Personal Liability 6

Consolidation of Financial Statements 7

Corporate Structure 7

Accounting Information Flow 8

Income Tax Benefits 9

Estate Planning 11

Minimizing Tax Liability 11

Advantages – Corporation Over Partnership 13

TGT’s Succession Plan 13

More Effective Strategy 14

Trusts 14

Conclusion – TGT’s Company Trust 15

Estate Planning Purposes 15

Protect Income 16

Conclusion 18

Effects of Insolvency 18

Insolvency Effect on U.S. Economy 19

Insolvency Worksheet 20

Part 1: Total Liabilities the Day before the Cancellation 21

Part 2: Fair Market Value (FMV) of Assets Owned the Day before the Cancellation 21

Need your ASSIGNMENT done? Use our paper writing service to score better and meet your deadline.


Click Here to Make an Order Click Here to Hire a Writer