Required: You are a staff accountant working on the audit of Nutrition Corp. You have been asked by the audit partner to write a memo on the appropriate accounting treatment for Virginia sales tax. Your analysis should include (1) the accounting treatment for the unpaid sales tax included in the financial statements for the year-ended December 31, 2019 (assume the 2019 financial statements were issued on February 28, 2020), (2) the accounting treatment for Nutrition’s decision to participate in the tax amnesty program announced on March 15, 2020, and (3) the accounting treatment for the $25 million payment made on June 15, 2020. When discussing any of the accounting treatments, you should reference the appropriate FASB guidance which dictates the treatment (see case instructions). Journal entries can be included to assist with your description of the appropriate treatment. Writing:The memo should be well organized, should use appropriate vocabulary, and should be free of punctuation, grammatical, or spelling errors.The memo should use appropriate idiomatic business English.The memo must include ASC citations to support your discussion.The memo should have good logical flow of thought and be well-readable.The memo should be concise and not verbose.The memo should have a clear and understandable narrative with good flow of thought.The memo should have a logical paragraph structure.The tone of the memo should be appropriate to the audience. The memo should be well organized, should use appropriate vocabulary, and should be free of punctuation, grammatical, or spelling errors.The memo should use appropriate idiomatic business English.The memo must include ASC citations to support your discussion.The memo should have good logical flow of thought and be well-readable.The memo should be concise and not verbose.The memo should have a clear and understandable narrative with good flow of thought.The memo should have a logical paragraph structure.The tone of the memo should be appropriate to the audience. Format to be used for this assignment: Please use the following page formatting for the assignment: One-inch margins NOTE: double-spacing, single side only Size 12 Times New Roman font The minimum length should be 3 pages, excluding references, with double spacing. Maximum length is 5 pages excluding references. Your case write-up should be organized as an internal research memo from a member of an accounting firm audit team to the audit manager. It should have the following sections:Executive summary (a one paragraph condensed description of the issue and your suggested solution). Analysis: Description of the issue (facts) Analysis of facts Conclusion References (references are NOT required if your only sources are the ASC and your Acct 332 (Spiceland) textbook (ebook)). General Note on Writing Style: This is a business research memo, not an essay. As such it must employ a writing style appropriate to business memos. The memo must:- Have a clear, concise and to-the-point style in responding to the 3 requirements. Therefore, it must not include things we already know and other irrelevant statements. For example, if you are asked a question about deferred taxes, there is no need to re-define deferred taxes or why they are important or difficult to estimate. Stick to the point.- You may appropriately employ bullet points and sections which deal with different issues pertinent to the answer.- Appropriately cite references used to develop your response to the case, including any reference to the FASB ASC. Any ASC citation should be in the form “(ASC 123-45-67-8)”. Include your ASC references as in-text citations within the text of your response where the citation applies. Do not include citations as footnotes or as a list of citations. (see page 4 for additional information).- Please refer to the “Grammar Guidelines” and the “Appendix to Grammar Guidelines” files on Blackboard for further information. !!!!! Using authoritative guidance from the ASC !!!!!For your written response to the requirements, reference (citation) to appropriate sections of the FASB ASC is required. Citation to the ASC should take the form ASC 123-45-67-89 and be included within the text of your response (no footnotes or list of citations). Do not include quotation from the ASC. Use your own words. You can access the FASB Accounting Standards Codification (ASC) using the following George Mason University student link to FASB Academic Accounting Access, Professional View: http://aaahq.org/ascLogin.cfm Username: AAA52638 Password: zJC9H6h

Remember our discussion from Week 1 about what the American Dream is? In this course, we've looked the origins of the American Dream and then how some groups have struggled to be included. In this final week of class, we are looking at the current status and the future of the American Dream, as well as what it means to be a global citizen. In a post of at least 100 words, address the items below: Explain how has your understanding of the American Dream changed as a result of this course. Reflect on John Lennon's "Imagine," which for many signifies hope. Do you believe there is hope for the American Dream? Choose at least one image from the song lyrics or video that signifies your new understanding of the American Dream.