Overview
PLEASE follow the directions listed below. The 2 essay questions have been attached as a pdf file. You must open this file in order to start the assignment. Please let me know if you have any questions.
There are only two (2) short answer/essay questions to follow, but each has sub-components. Each question is assigned a certain number of points, for a total of 100 points. Answers will be scored on (1) correctly identifying the issue(s), (2) referencing appropriate rules or authority when called for, and (3) most importantly, thorough and complete analysis. When possible, you should make assumptions to keep your analysis going. If there are differences in the rules under the AICPA Code, California rules, or other laws, you should address any similarities or distinguish any differences.
Avoid the temptation to copy-and-paste material – answers will be scored primarily on your thorough and complete analysis.