Please help with the two questions below. Thanks

Accounting
Tutor: None Selected Time limit: 1 Day

Summarize how government and not-for-profit accounting differs from for-profit accounting in 3 to 5 sentences.

 

•Summarize the major benefits of the U.S. corporate tax in 3 to 5 sentences.

Dec 16th, 2014

The government and not- for-profit accounting is based only on their activities.  In contrast, for-profit accounting is based on their quarterly income.  As far as taxation is concerned, government and non-profit accounting does not include any taxes entries because these organizations are tax-exempt,  However, for-profit company accounting show tax entries because they have to pay taxes.

Dec 16th, 2014

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Dec 16th, 2014
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