A partnership with unlimited possibilities : a case of allocation of partnership income and common costs /
Most cases are written for upper- and graduate-level accounting classes, however, this case was written to be used in introductory accounting classes. It involves a recent college graduate who, while eating lunch, is asked by a potential client about the benefits of entering into a partnership. Thre...
| Main Authors: | , , |
|---|---|
| Corporate Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
London :
SAGE Publications Ltd.,
2017.
|
| Series: | SAGE Knowledge. Cases.
|
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | Most cases are written for upper- and graduate-level accounting classes, however, this case was written to be used in introductory accounting classes. It involves a recent college graduate who, while eating lunch, is asked by a potential client about the benefits of entering into a partnership. Three issues must be addressed: are the risks of entering the partnership worth the increase in income; is the partnership allocation formula fair to the potential partner; and should the common costs be allocated differently? Students need to use the accounting information provided and advise the client about making important business decisions. The student has to write a memo explaining the benefits and risks of joining the partnership. The facts of the case add a real-world element to this discussion. |
|---|---|
| Item Description: | Originally Published In Lewbow, M. I., Frucot, V., & Angima, J. (2013). A Partnership with Unlimited Possibilities: A Case of Allocation of Partnership Income and Common Costs. IMA Education Case Journal, 6(2), Article 3. |
| Physical Description: | 1 online resource. |
| ISBN: | 9781526427007 (ebook) : |