Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question>> David has signed six contracts with six different companies during 2018 to provide marketing and business restructuring consultancy work. Each contract stipulates the compensation

Question>> David has signed six contracts with six different companies during 2018 to provide marketing and business restructuring consultancy work. Each contract stipulates the compensation that needs to be borne by David should he fail to deliver the job within the specified time. In return, he will receive his full payment upon the delivery of the final reports to the companies. At the moment, he has four assistants to help him to execute the job. David will monitor and ensure that all reports are prepared according to the companies expectations. He provides the equipment and tools for all his assistants. All of them are paid on the basis of jobs completed. Required: Determine whether David is exercising contract of service (employment) or contract for service (business).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services A Systematic Approach

Authors: William F. Messier, Steven M. Glover, Douglas F. Prawitt

4th Edition

0071117474, 9780071117470

More Books

Students also viewed these Accounting questions

Question

12.6 Analyze the emerging emphasis on employee recognition.

Answered: 1 week ago