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acc205 ashford university week 4

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Question;Ashford 5: - Week 4;Discussions;To participate in the following discussions, go to this week's Discussion link in the left navigation.;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 and any additional research you may have done provide two examples of;situations where businesses collect monies from customers and employees;and report these amounts as a current liability.;Guided Response;Review several of your peers? posts and identify the core components of a;current liability. Respond to at least two of your peers and provide;recommendations to extend their thinking. Challenge your peers by;asking a question that may cause them to reevaluate if their example is a;current liability.Client Recommendations;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.;Let at least two of your peers posts know if an alternative choice of;entity would be possible. What would be the benefits of this new;entity choice? Would there be any disadvantages associated with this;new entity selection.;Guided Response;Let at least two of your peers know if an alternative choice of entity;would be possible? What would be the benefits of this new entity;choice? Would there be any disadvantages associated with this new;entity selection?;Exercise Assignment;To complete the following assignment, go to this week's Assignment link in the left navigation.;Liability;Please complete each of the exercises below in a word document. Save the;document, and submit to in week using the Assignment Submission;button.

 

Paper#45441 | Written in 18-Jul-2015

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