Section 5061(a) of California's Business and Professions Code states that a person engaged in the practice of
Question:
You are a young CPA who wants to purchase the professional practice of a CPA located in California who is about to retire. Because you do not have much capital, you tentatively have agreed to pay the retiring CPA an amount equal to "20% of the client fee revenues generated over the next two years." Does this arrangement violate California law?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
No This arrangement on its face appears to create a r...View the full answer
Answered By
Deepak Pal
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students. Areas of interest: Business, accounting, Project management, sociology, technology, computers, English, linguistics, media, philosophy, political science, statistics, data science, Excel, psychology, art, history, health education, gender studies, cultural studies, ethics, religion. I am also decent with math(s) & Programming. If you have a project you think I can take on, please feel welcome to invite me, and I'm going to check it out!
1+ Reviews
10+ Question Solved
Related Book For 
Ethics in Accounting A Decision Making Approach
ISBN: 978-1118928332
1st edition
Authors: Gordon Klein
Question Posted:
