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**Financial Statements and Taxes Summary** – a month ago **files (1)** – ## FinancialStatementsandTaxesSummary.docx **## FinancialStatementsandTaxesSummary.docx** **Week 2: Financial Statements and Taxes Summary Research Paper** Instructions For this week's assignment, you will research and answer t…
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**Financial Statements and Taxes Summary**
– a month ago
**files (1)**
– ## FinancialStatementsandTaxesSummary.docx
**## FinancialStatementsandTaxesSummary.docx**
**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 ptsExceeds** Detailed discussion of both statements<br> <br>**25 ptsMastery** Covered main points of both statements<br> <br>**20 ptsNear** Discussed some of the aspects of these statements<br> <br>**10 ptsBelow** Minimal information included on the statements<br> <br>**0 ptsNo Evidence** | 30 pts |
| This criterion is linked to a Learning OutcomeTaxCons&BusSetUP | **30 ptsExceeds** Detailed discussion of how taxes would guide decision<br> <br>**25 ptsMastery** Covered main tax issues; no preference<br> <br>**20 ptsNear** Discussed some of the tax issues in this discussion<br> <br>**10 ptsBelow** Minimal information included on the tax issues<br> <br>**0 ptsNo Evidence** | 30 pts |
| This criterion is linked to a Learning OutcomeReferences | **20 ptsExceeds** Specific, academic references included for both answers<br> <br>**15 ptsMastery** Specific, academic references for one answer<br> <br>**5 ptsNear** General references only<br> <br>**0 ptsNo Evidence** | 20 pts |
| This criterion is linked to a Learning OutcomePlain language | **15 ptsExceeds** Plain language used that a friend could understand<br> <br>**10 ptsMastery** Most plain language used<br> <br>**5 ptsNear** Mostly technical language used<br> <br>**0 ptsNo Evidence** Technical or textbook language uased | 15 pts |
| This criterion is linked to a Learning OutcomeFormat | **5 ptsExceeds** Title page, double spaced, paragraph structure<br> <br>**3 ptsMastery** Two of title page, double spaced, paragraph structure<br> <br>**2 ptsNear** One of title page, double spaced, paragraph structure<br> <br>**0 ptsNo Evidence** | 5 pts |
Total Points: 100
**## FinancialStatementsandTaxesSummary.docx**
**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 ptsExceeds** Detailed discussion of both statements<br> <br>**25 ptsMastery** Covered main points of both statements<br> <br>**20 ptsNear** Discussed some of the aspects of these statements<br> <br>**10 ptsBelow** Minimal information included on the statements<br> <br>**0 ptsNo Evidence** | 30 pts |
| This criterion is linked to a Learning OutcomeTaxCons&BusSetUP | **30 ptsExceeds** Detailed discussion of how taxes would guide decision<br> <br>**25 ptsMastery** Covered main tax issues; no preference<br> <br>**20 ptsNear** Discussed some of the tax issues in this discussion<br> <br>**10 ptsBelow** Minimal information included on the tax issues<br> <br>**0 ptsNo Evidence** | 30 pts |
| This criterion is linked to a Learning OutcomeReferences | **20 ptsExceeds** Specific, academic references included for both answers<br> <br>**15 ptsMastery** Specific, academic references for one answer<br> <br>**5 ptsNear** General references only<br> <br>**0 ptsNo Evidence** | 20 pts |
| This criterion is linked to a Learning OutcomePlain language | **15 ptsExceeds** Plain language used that a friend could understand<br> <br>**10 ptsMastery** Most plain language used<br> <br>**5 ptsNear** Mostly technical language used<br> <br>**0 ptsNo Evidence** Technical or textbook language uased | 15 pts |
| This criterion is linked to a Learning OutcomeFormat | **5 ptsExceeds** Title page, double spaced, paragraph structure<br> <br>**3 ptsMastery** Two of title page, double spaced, paragraph structure<br> <br>**2 ptsNear** One of title page, double spaced, paragraph structure<br> <br>**0 ptsNo Evidence** | 5 pts |
Total Points: 100
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