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Homework answers / question archive / ACC 630 Milestone Three Guidelines and Rubric  This is the third of three milestone assignments that will lead to completion of your course’s final project

ACC 630 Milestone Three Guidelines and Rubric  This is the third of three milestone assignments that will lead to completion of your course’s final project

Accounting

ACC 630 Milestone Three Guidelines and Rubric 

This is the third of three milestone assignments that will lead to completion of your course’s final project. In this assignment, you will complete Section IV of the 

final project. Prepare a Word document that addresses the critical elements below in relation to your chosen company. Answer each question in a substantive 

way, and defend each of your responses with at least one scholarly source other than your textbook. Pay close attention to the grading rubric in order to make 

sure you meet the “Proficient” level in each requirement.

Specifically, the following critical elements must be addressed:

IV.

Trusts

A. Draw a conclusion about the purpose for the company’s trust based on the research of your company.

B. Why would a small business owner want to set up a trust, and how could it be used for estate planning purposes?

C. Evaluate the similarities and differences between trusts and corporations. In an attempt to protect income, which would be most suitable for a 

company?

Rubric

Guidelines for Submission: Your paper must be submitted as a 2- to 3-page Word document (excluding the title and reference pages). Use double spacing, 12-

point Times New Roman font, and one-inch margins. For references, you should use at least one outside source other than the textbook. Sources should be cited 

using the latest APA style guidelines.

Critical Elements

Proficient (100%)

Needs Improvement (70%)

Not Evident (0%)

Value

Trusts: Conclusion

Draws a conclusion about the purpose for 

the trust based on the research of the 

company 

Draws a conclusion about the purpose for 

the trust, but conclusion is cursory or 

inaccurate 

Does not draw a conclusion about the 

purpose for the trust

30

Trusts: 

Estate Planning 

Purposes

Determines why a small business owner 

would want to set up a trust and describes 

how a trust could be used for estate?planning purposes 

Determines why a small business owner 

would want to set up a trust, but does not 

determine how it could be used for estate?planning purposes or determination is 

cursory or inaccurate 

Does not determine why a small business 

owner would want to set up a trust

30

Trusts: 

Protect Income

Evaluates the similarities and differences 

between trusts and corporations and 

determines which would be most suitable 

to protect income

Evaluates the similarities and differences 

between trusts and corporations, but does 

not determine which would be most 

suitable to protect income, or 

determination is inaccurate 

Does not evaluate the similarities and 

differences between trusts and 

corporations

30

Critical Elements

Proficient (100%)

Needs Improvement (70%)

Not Evident (0%)

Value

Articulation of 

Response

Submission has no major errors related to 

citations, grammar, spelling, syntax, or 

organization

Submission has major errors related to 

citations, grammar, spelling, syntax, or 

organization that negatively impact 

readability and articulation of main ideas

Submission has critical errors related to 

citations, grammar, spelling, syntax, or 

organization that prevent understanding of 

ideas

10

Total

100%

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