2 Portfolio Milestones – Accounting.

Hello, these are just the milestone part of the project, if you complete these, then I will pay you to complete the rest of the project as it comes due. I have to submit a portion each week. I posted the actual Portfolio Project assignment for both of there milestones for reference, but you ONLY need to complete the Milestones.

Option #1: Greece’s Debt: Sustainable? MILESTONE

For the Portfolio Project due in Week 8, read the case study: Greece’s Debt: Sustainable? (see link below).

This week, begin to consider the solutions you will recommend for the issues described in the case. Specifically, start by researching the country and its debt situation to gain an overview of the competitive structure of Greece’s industries and its financial situation.

Explore the International Financial Reporting Standards (IFRS), U.S. GAAP, and International Public-Sector Accounting Standards (IPSAS) to understand their classification of debt.

Submit a one-page outline to your instructor that includes the following (and which will become the sections of your case solution presentation):

• Abstract
• Problem statement outline
• Preliminary resources and tools to be used

Link: Greece’s Debt: Sustainable? (Links to an external site.)Links to an external site.

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Option #1: Partnership Taxation MILESTONE

1. Determine Mike’s, Alex’s, and Pat’s initial basis in their partnership interest.
2. What is the effect of the mortgage on each partner’s basis?
3. Calculate current year ordinary business income by preparing page 1 of Form 1065. <– You can find this on the IRS website online

Submission Requirements

• Your well-written answer should be 2 pages in length, not including the required cover and references pages.
• Submit a PDF with Page 1 of Form 1065.
• Support your memo with at least two to three scholarly references .
• Format your answer according to APA