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1. Describe the process of closing the accounts and why we close the accounts at the end of the year. 2. If management gets a
1. Describe the process of closing the accounts and why we close the accounts at the end of the year.
2. If management gets a bonus based on the Profit of the company, describe in your own words how management could change the net income using an estimate. Give a clear example.
3. If you were starting a restaurant, would you choose to start as a proprietorship, partnership, or corporation. Give a full analysis of your reasons.
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