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 |
30Â ptsExceedsDetailed discussion of 25Â ptsMasteryCovered main points of 20Â ptsNearDiscussed some of the 10Â ptsBelowMinimal information 0Â ptsNo Evidence |
30Â pts |
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This criterion is linked to a Learning OutcomeTaxCons&BusSetUP |
30Â ptsExceedsDetailed discussion of 25Â ptsMasteryCovered main tax 20Â ptsNearDiscussed some of the 10Â ptsBelowMinimal information 0Â ptsNo Evidence |
30Â pts |
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This criterion is linked to a Learning OutcomeReferences |
20Â ptsExceedsSpecific, academic 15Â ptsMasterySpecific, academic 5Â ptsNearGeneral references 0Â ptsNo Evidence |
20Â pts |
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This criterion is linked to a Learning OutcomePlain language |
15Â ptsExceedsPlain language used 10Â ptsMasteryMost plain language 5Â ptsNearMostly technical 0Â ptsNo EvidenceTechnical |
15Â pts |
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This criterion is linked to a Learning OutcomeFormat |
5Â ptsExceedsTitle page, double 3Â ptsMasteryTwo of title page, 2Â ptsNearOne of title page, 0Â ptsNo Evidence |
5Â pts |
Total Points:Â 100
