How do you distinguish a partnership from a corporation? How do you distinguish a public partnership from a public corporation?

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How do you distinguish a partnership from a corporation? How do you distinguish a public partnership from a public

corporation?

 
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Please write a four-to-six sentence paragraph on the following quesTons.a.What is the diFerence between an exempt and non-exempt employee?b.How would you decide whether to hire

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If you can please help me with question number 2. only. Please see attachment.

ACCT216Week 7 Homework1.Please write a four-to-six sentence paragraph on the following quesTons.a.What is the diFerence between an exempt and non-exempt employee?b.How would you decide whether to hire someone as an employee or independentcontractor?2.Cindy Lou makes $30,000 per year as an exempt employee. She worked 15 hours ofoverTme in the month of September. Payday for wages earned in the month of September isOctober 7. Ignoring ±ederal and State income tax withholdings, how much would she receivefor September net of Social Security and Medicare taxes? What journal entry would be madeon September 30 for wages owed to Cindy? What journal entry would be made when she ispaid on October 7?
 
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A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts,

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A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated

to be worth $30,000. The stock has a $1 per share stated value.

 
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Upon completion of the closing entries, you reviewed the general ledger and noticed that balances

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Upon completion of the closing entries, you reviewed the general ledger and noticed that balances remained in all

asset, liability, and equity accounts. In addition, there were still balances in the revenue accounts, but not expenses or dividends. Should this be the case after the closing entries have been recorded and posted to the general ledger? Please include the reasons why in your answer

 
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