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 balanc
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)
FIN510 Week 2 – 100 pts (May 26) | ||
Criteria | Ratings | Pts |
This criterion is linked to a Learning OutcomeBalSht&IncStmt | 30 ptsExceedsDetailed discussion of 25 ptsMasteryCovered main points of 20 ptsNearDiscussed some of the 10 ptsBelowMinimal information 0 ptsNo Evidence | 30 pts |
This criterion is linked to a Learning OutcomeTaxCons&BusSetUP | 30 ptsExceedsDetailed discussion of 25 ptsMasteryCovered main tax 20 ptsNearDiscussed some of the 10 ptsBelowMinimal information 0 ptsNo Evidence | 30 pts |
This criterion is linked to a Learning OutcomeReferences | 20 ptsExceedsSpecific, academic 15 ptsMasterySpecific, academic 5 ptsNearGeneral references 0 ptsNo Evidence | 20 pts |
This criterion is linked to a Learning OutcomePlain language | 15 ptsExceedsPlain language used 10 ptsMasteryMost plain language 5 ptsNearMostly technical 0 ptsNo EvidenceTechnical | 15 pts |
This criterion is linked to a Learning OutcomeFormat | 5 ptsExceedsTitle page, double 3 ptsMasteryTwo of title page, 2 ptsNearOne of title page, 0 ptsNo Evidence | 5 pts |
Total Points: 100