Overview
For this journal, pretend that you are serving as the CFO of a large corporation, and the CEO has requested that you review the income statement of your organization to make recommendations on how to best distribute the income. Reflect on the material presented in this unit, and provide your thoughts and rationale for what you would recommend being distributed and to whom.
Your journal discussion should include a cash and property distribution scenario. You should discuss and provide an example of how E & P will be affected, as well as the tax consequences of the transaction.
Your response must be at least 400 words in length. No references or citations are necessary.
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For this journal assignment, you are a part of the team tasked with putting together the financial statements for your organization and filing the annual tax return. Discuss some of the differences between your GAAP-prepared financial statements and the tax return that will be filed. Provide an example of this along with your analysis, and also include a discussion concerning how these differences may need to be disclosed and where they can be found.
Also, please locate an article the addresses financial statement information and tax disclosure. Include the resource reference and at least one paragraph describing what you learned from it. Your response must be at least 400 words in length. APA Style must be used when creating in-text citations and references.
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Create PowerPoint presentation over similarities and differences between corporate taxation to other forms of organization (such as sole proprietorship, partnership, LLC, or S-Corp). Your presentation must be a minimum of five slides, not counting the title and reference slide. You must use a minimum of one source. For each slide, record audio of your presentation of the slide. Images are encouraged but not required.